China urged some of the country’s biggest investors to buy more stocks, stepping up efforts to stem the market’s slide toward a two-year low.
The China Securities Regulatory Commission issued the guidance on Thursday at a meeting with investors including the country’s giant social security fund, just as the benchmark CSI 300 Index was sliding toward its lowest level since June 2020.
The gauge did not change much yesterday after erasing a drop of as much as 1.1 percent.
Chinese equities have lost about US$2.7 trillion of market value this year as the nation’s strict COVID-19 policies, corporate crackdowns and slowing economic
With war raging across the world's bread basket, risk of World War 3 the highest it has been since the Cuban missile crisis, commodities hitting new all time highs every single day, inflation (even the watered down CPI version) set to hit 10% in a few months, and the Fed rushing to hike rates so| USSA News
The index which tracks mainland companies listed in Hong Kong jumped 13%, its biggest gain since the global financial crisis.
. Read more at straitstimes.com.
Stocks surged Wednesday and United States futures climbed as China’s vow to stabilize battered markets lifted sentiment after weeks of worries about war and high inflation. Treasury yields rose ahead of the Federal Reserve rates decision. The Stoxx Europe 600 index jumped more than 2 percent, with technology shares leading…