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China Stocks reviving soon?
Battered Chinese stocks leapt to their largest one-day gain in two years on Tuesday and the yuan rose on a slew of signals that authorities are strengthening their resolve to support slumping markets.
The Shanghai Composite SSEC jumped 3.2%, its biggest daily gain since March 2022. Trade volume was the highest since May last year.The blue-chip CSI 300 climbed 3.5% for its largest one-day rise since Nov. 2022, and the small cap index CSI1000 notched its biggest rise since 2008.
President Xi Jinping will discuss the struggling stock market with financial regulators. Regulators also announced further curbs on short selling and state investors said they were expanding their stockbuying plans.
President Xi Jinping will discuss the struggling stock market with financial regulators. Regulators also announced further curbs on short selling and state investors said they were expanding their stockbuying plans.
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mr_cashcow :
ZnWC : China removed Yi Huiman as chairman of the China Securities Regulatory Commission (CSRC), replacing him with Wu Qing, a veteran securities regulator who had led the Shanghai Stock Exchange. We need to be mindful of the new policy China will roll out especially on the new stimulus to revive investor's confidence.
China replaces head of securities regulator amid market turmoil - Channelnewsasia
MonkeyGee : nothing is that easy. you are going to have many people selling on the first pop. that's human nature, buy high sell low.
MonkeyGee : I think injecting money into the market without fixing the underlying problem is meaningless. The market will drop again, inevitably.
103347655 ZnWC : j