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China mainland and Hong Kong stocks higher after Politburo stimulus pledge

China mainland and Hong Kong stocks higher after Politburo stimulus pledge
From China on Monday was the news of renewed economic support promises:China pledge to step up policy support underpins rally in oil and Chinese equitiesOn Monday China promised more stimulus. Another promise, or for real this time?Rate cuts, tax cuts, fee reductions expected from China says state-sponsored finance mediaIn addition to higher yuan Chinese stocks are also higher. 'Hong Kong's Hang Seng is up around 3% while the Shanghai Composite is up around 1.5%.The announcement effect is impact... Read More
Posted: Jul 25 2023, 01:48
Author Name: forexlive
Views: 102090

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