CSI 300 leads Asia markets higher after China finance ministry weekend briefing hints at more stimulus

  • 📰 NBCNewYork
  • ⏱ Reading Time:
  • 9 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 7%
  • Publisher: 63%

News News

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

China’s deflation pressures deepened in September with consumer prices rising at their slowest pace in three months at 0.4% from a year earlier.

Most Asia-Pacific markets traded higher on Monday, as investors assessed China's weekend press briefing and awaited a slew of economic data this week from the region.in a highly anticipated press briefing on Saturday hinted at more debt issuance amid efforts to shore up the economy, stating the government had a"rather large" space to increase deficit.with consumer prices rising at their slowest pace in three months at 0.

Chinese policymakers have"made a turn on cyclical policy management and increased their focus on the economy," it said in a research note on Oct. 13.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
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:

 /  🏆 270. in US

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.

China's CSI 300 plunges nearly 7% as Hong Kong stocks extend losses: Live updatesNew Zealand’s central bank slashed its policy rate by 50 basis points to 4.75%, while the Reserve Bank of India is expected to hold rates at 6.5%.
Source: NBCPhiladelphia - 🏆 569. / 51 Read more »

China stocks just saw their best day of trading since 2008 amid a stimulus rallyChina's CSI 300 rallied 8.48%, closing at 4,017.85 for a nine-day winning streak, its best day since September 2008 and its highest point since August 2023.
Source: CNBC - 🏆 12. / 72 Read more »