China stock rally fizzles as stimulus news disappoints
A stock market rally in China has fizzled out as a highly-anticipated announcement on plans to boost the country's ailing economy disappointed investors. Shares had jumped by over 10% as trading restarted after the Golden Week holiday but fell back after a news conference by the country's economic planners.
China Stock Rally Fizzles as Stimulus Optimism Fades
"The strong showing today is not a big surprise as the Chinese bourses are probably playing catch-up after both the Hang Seng Tech Index in Hong Kong and the Golden Dragon Index in the U.S. surged by over 10% in the first week of October when Chinese markets were closed for the Golden Week holidays.
Asian shares mostly rose Thursday, as market optimism got a perk from the record highs set on Wall Street. Japan’s benchmark ...
3hon MSN
TOKYO (AP) — Asian shares mostly rose Thursday, as market optimism got a perk from the record highs set on Wall Street. Japan ...
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The government has fired up investors by encouraging banks to lend more to buyers of stocks and real estate, but officials ...
I am skeptical about China as a strategic investment. Its problems are mainly structural than cyclical, and the government is ...
Tech megacaps, led by Nvidia ( NVDA ), pushed markets higher to recoup some of the previous session's losses, with the Nasdaq ...
Notably, a gauge of Chinese stocks listed in Hong Kong dropped as much as 11% earlier, the biggest one-day fall in nearly 16 ...
China's runaway markets rally stumbled on Wednesday, with stocks falling and commodities struggling to find a footing as ...
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