Stock market today: World stocks gain as China releases plan to finance share buybacks

BANGKOK — World shares have mostly gained after China’s central bank released plans for supporting the stock market through share repurchases by companies and major shareholders.

Growth so far this year has averaged to 4.8%, below the official target of about 5%, as weakness in the property market has continued to weigh on demand. The news helped drive a rally in Shanghai, where the Composite index gained 2.9% to 3,261.56. The benchmark for the smaller market in the southern city of Shenzhen jumped 4.1%.

Critics, meanwhile, are warning that stock prices look too expensive given how much faster they’ve climbed than corporate profits. Summary: Awrad Hair Care Center celebrates over 6,000 clients benefiting from its Concept of Micro Point technique for hair loss. The company continues to refine its technique, offering effective, non-surgical solutions for hair health and beauty, and plans expansion into Qatar and Saudi Arabia.Dubai, United Arab Emirates-- - Awrad Hair Care Center, a leading provider of hair care solutions for men and women in the Gulf Cooperation ...

South Africa South Africa Latest News, South Africa South Africa Headlines

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

Stock market today: Dow, S&P 500, Nasdaq jump as TSMC outlook prompts chip stock rallyA monthly report on retail sales could provide clues to whether the Fed will go for 'no cut' at its next meeting.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: Stock rally loses steam as S&P 500, Dow slip from recordsNow that the Fed has started cutting rates, the economy has taken to the fore for investors.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: S&P 500 clinches fresh record amid GDP data, chip stock gainsA double dose of optimism for the AI trade and for China's stimulus push is buoying the market ahead of Jerome Powell's comments.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: Nasdaq leads stock declines while oil spikes on Iran attackUS stocks sold off on Tuesday after Iran fired over 100 ballistic missiles against Israel.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: World shares slip and the yen weakens against the dollarWorld shares were mostly lower on Thursday after U.S. stocks stalled as investors awaited developments in the Middle East.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »