Investing.com-- Most Asian stocks rose on Wednesday after a report suggested that China will target increased fiscal spending in the coming year, although caution before a Federal Reserve rate decision limited gains.U.S. stock index futures were flat in Asian trade, with focus squarely on the Fed. While the central bank is widely expected tolater in the day, it is also expected to signal a slower pace of easing in 2025- a trend that could herald pressure on risk-driven markets.
Reuters reported that Beijing will raise its budget deficit to 4% from 3% of gross domestic product in 2025- its highest on record, and will also target GDP growth of 5% for a third consecutive year. The additional 1% GDP point indicates about 1.3 trillion yuan in additional spending, the Reuters report said. China will also fund more stimulus through debt issuances.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Singapore Latest News, Singapore Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Asian chip stocks mostly rise, shrugging off new U.S. semiconductor export curbs on ChinaShares of major Asian chip stocks mostly rose on Tuesday, shrugging off the U.S. announcing new emiconductor export controls on China.
Source: nbcsandiego - 🏆 524. / 51 Read more »
Stock market today: Asian shares rise after tech stocks pull Wall Street to another recordAsian shares are mostly higher after technology stocks pulled Wall Street to another record finish. Benchmarks rose in Tuesday trading in Tokyo, Seoul, Sydney, Hong Kong and Shanghai. On Monday, the S&P 500 rose 0.2% after closing November at an all-time high. The Dow Jones Industrial Average fell 0.3%, and the Nasdaq composite gained 1%.
Source: AP - 🏆 728. / 51 Read more »
Stock market today: Asian shares rise after tech stocks pull Wall Street to another recordAsian shares are mostly higher after technology stocks pulled Wall Street to another record finish.
Source: wjxt4 - 🏆 246. / 63 Read more »
Asia stocks mixed ahead of US inflation, China shares rise on policy hopesAsia stocks mixed ahead of US inflation, China shares rise on policy hopes
Source: Investingcom - 🏆 450. / 53 Read more »
Asia markets mostly rise while China stocks falter; investors assess Japan inflation, Singapore GDP dataSingapore third-quarter GDP expanded 5.4% from a year ago, outpacing the revised 3.0% in the prior quarter.
Source: CNBC - 🏆 12. / 72 Read more »
Asia stocks rise as US inflation cements rate cut bets, China policy meet in focusAsia stocks rise as US inflation cements rate cut bets, China policy meet in focus
Source: Investingcom - 🏆 450. / 53 Read more »