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 ...
5hon MSN
TOKYO (AP) — Asian shares mostly rose Thursday, as market optimism got a perk from the record highs set on Wall Street. Japan ...
The government has fired up investors by encouraging banks to lend more to buyers of stocks and real estate, but officials ...
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Notably, a gauge of Chinese stocks listed in Hong Kong dropped as much as 11% earlier, the biggest one-day fall in nearly 16 ...
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China's investors are less optimistic than market watchers from elsewhere, who say they see Beijing's commitment to ...
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