Chinese authorities announced a slew of measures including a reduction of the stamp duty on stock trades and a slower pace of initial public offerings over the weekend.
shares in evergrande, after being suspended for about 18 months, they have started trading this morning but down by about 83 84% at the open. and this news comes as china s csi and this news comes as china s c51 300 is and this news comes as china s csi 300 is up at the open because the government announced it would halve the stamp duty on stock trading today from its current rate of 0.1%. it was expected to generate large transactions when trading starts and that is what we are seeing at the moment. of course, the country stock market performance has been quite weak this year, especially as the economic recovery from the pandemic has been a lot weaker than what economists had expected. gas prices in europe have been really volatile in the recent week because of worries that workers at liquefied natural gas or lng plants in australia could go on strike. the lng plants are operated by two
SINGAPORE: Asian markets struggled for direction on Tuesday, as they grappled with worries over global growth, following weak Chinese data that knocked oil prices and commodity-linked currencies.