Get App
Download App Scanner
Scan to Download
Advertisement
This Article is From Feb 07, 2024

China Stock Rally Extends As Policy Support Optimism Grows

China Stock Rally Extends As Policy Support Optimism Grows
An electronic ticker displays stock figures in Pudong's Lujiazui Financial District in Shanghai, China. (Photographer: Raul Ariano/Bloomberg)
STOCKS IN THIS STORY
Goenka Business & Finance Ltd.
--
Nifty Capital Markets
--
Nifty Top 20 Equal Weight
--
MSCI World
--
SAB Events & Governance Now Media Ltd.
--
MSCI AC Asia ex-Japan
--

Chinese stocks rose further Wednesday, extending a rally as hopes grew that authorities will take more forceful measures to sustain a nascent market recovery.  

The Hang Seng China Enterprises Index advanced 1.1%. The onshore benchmark CSI 300 Index rose 0.2%, following a gain of 3.5% Tuesday. 

The world's second-biggest stock market staged an impressive rally Tuesday after policymakers ramped up rescue efforts, such as widening trading curbs on certain investors and a pledge by the nation's sovereign wealth fund to boost its support. News that regulators plan to brief President Xi Jinping on markets also fueled optimism about more concerted efforts.

More stories like this are available on bloomberg.com

©2024 Bloomberg L.P.

Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.

Newsletters

Update Email
to get newsletters straight to your inbox
⚠️ Add your Email ID to receive Newsletters
Note: You will be signed up automatically after adding email

News for You

Set as Trusted Source
on Google Search