Stock market today: World shares mixed after China pledges more support for slowing economy

A currency trader walks by the screens showing the Korea Composite Stock Price Index at a foreign exchange dealing room in Seoul, South Korea, Wednesday, Oct. 25, 2023. Asian shares advanced Wednesday, tracking gains on Wall Street after Verizon and other big companies reported fatter profits for the summer than expected. – World shares were mixed Wednesday after China pledged more spending to energize its economy.

The aim is to drive more domestic spending and “further cement the recovery momentum of the Chinese economy,” the official Xinhua News Agency quoted Zhu Zhongming, a vice minister of finance as saying. Chinese shares logged moderate gains on Wednesday, with Hong Kong's Hang Seng rising 0.6% to 17,085.33. The Shanghai Composite index added 0.4% to 2,974.11.

High yields hurt prices for stocks, cryptocurrencies and other investments. They also slow the economy bluntly and are a strain for the entire financial system.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stock market today: World shares mixed after China pledges more support for slowing economyWorld shares are mixed after China pledged more spending to counter its economic slowdown. Benchmarks fell in Paris, Frankfurt, Sydney and Seoul but rose in London, Tokyo and Hong Kong. U.S. futures were mixed and oil prices turned higher. On Tuesday, the S&P 500 rose 0.7% and the Dow gained 0.6%. The Nasdaq composite climbed 0.9%.
Source: AP - 🏆 728. / 51 Read more »

Stock market today: World shares mixed after China pledges more support for slowing economyWorld shares are mixed after China pledged more spending to counter its economic slowdown.
Source: ksatnews - 🏆 442. / 53 Read more »

China's big policy moves draw cautious investors back to beat-down stock marketChina's big policy moves draw cautious investors back to beat-down stock market
Source: Investingcom - 🏆 450. / 53 Read more »

Analysis-China holds the key to Hong Kong's shrinking stock marketAnalysis-China holds the key to Hong Kong's shrinking stock market
Source: Investingcom - 🏆 450. / 53 Read more »

Analysis: China holds the key to Hong Kong's shrinking stock marketHong Kong's efforts to revive its shrinking stock market are mere stopgap solutions, as analysts say a reversal in fortunes for Asia's premier financial hub would not be possible without a major improvement in China's economic prospects.
Source: Reuters - 🏆 2. / 97 Read more »