Thursday, 30 Oct 2025
  • Contact
  • Privacy Policy
  • Terms & Conditions
  • DMCA
logo logo
  • World
  • Politics
  • Crime
  • Economy
  • Tech & Science
  • Sports
  • Entertainment
  • More
    • Education
    • Celebrities
    • Culture and Arts
    • Environment
    • Health and Wellness
    • Lifestyle
  • 🔥
  • Trump
  • VIDEO
  • House
  • White
  • ScienceAlert
  • Trumps
  • Watch
  • man
  • Health
  • Season
Font ResizerAa
American FocusAmerican Focus
Search
  • World
  • Politics
  • Crime
  • Economy
  • Tech & Science
  • Sports
  • Entertainment
  • More
    • Education
    • Celebrities
    • Culture and Arts
    • Environment
    • Health and Wellness
    • Lifestyle
Follow US
© 2024 americanfocus.online – All Rights Reserved.
American Focus > Blog > Economy > China markets reopen with a roar after week-long break
Economy

China markets reopen with a roar after week-long break

Last updated: October 7, 2024 7:31 pm
Share
China markets reopen with a roar after week-long break
SHARE

Chinese Shares Surge to Two-Year Highs as Investors Bet on Stimulus

SHANGHAI (Reuters) – Chinese shares soared to two-year highs on Tuesday, continuing a blistering rally as trade resumed after a week-long holiday. Investors are placing their bets on stimulus measures to support the economy, driving the market frenzy.

The blue-chip CSI300 surged 10% in early trade, reaching its highest level since mid-2022. Similarly, the Shanghai Composite rose by 9.7%, hitting its best levels since December 2021. On the other hand, Hong Kong’s Hang Seng, which hit 2-1/2 year highs on Monday, slumped by 2.8%. The yuan also fell sharply to 7.0502 per dollar, while five-year bond futures dropped to their lowest levels since July.

All eyes are on a press conference scheduled by the National Development and Reform Commission at 0200 GMT, where further details of the stimulus pledges driving the market frenzy are expected to be revealed.

Prior to the holiday break, China announced its most aggressive stimulus measures since the pandemic began. This led to a 25% gain in the CSI300 over five sessions. Turnover spiked as heavy buying put a strain on brokers and trading systems. Last Monday, both the CSI300 and the Shanghai Composite recorded their largest gains since 2008.

In an effort to bolster the ailing economy, authorities have cut rates and hinted at fiscal support. Hedge fund manager David Tepper expressed confidence in these moves, stating on CNBC that he would buy “everything” in China.

However, with gains reaching such significant levels, some are now urging caution. Bank of America analysts pointed out that China’s weighting in the MSCI EM Index has risen from 24% in August to 30% currently. This continued outperformance may drive a self-reinforcing ‘pain-trade’ before the year-end.

See also  Exclusive-Some Chinese companies eye Singapore listings to expand markets amid trade war

Despite the caution, analysts believe that the “‘buy everything’ stage will soon come to an end.” They highlighted market momentum, fiscal support, earnings, the upcoming U.S. election, and policy settings as factors shaping the outlook. The analysts also suggested that consumer, property, and broker stocks could be potential profit-taking candidates, while big-cap internet and high-yield SOEs are preferred exposures.

As the market continues its upward trajectory, investors are closely monitoring developments in China and the global economy.

(Reporting by Reuters’ Shanghai newsroom; Editing by Jamie Freed & Shri Navaratnam)

TAGGED:BreakChinaMarketsreopenroarweeklong
Share This Article
Twitter Email Copy Link Print
Previous Article Xuly.Bët Spring 2025 Ready-to-Wear Collection Xuly.Bët Spring 2025 Ready-to-Wear Collection
Next Article Erik Menendez’s Wife Seen For First Time Since Major Case Update Erik Menendez’s Wife Seen For First Time Since Major Case Update
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Popular Posts

Cops find ‘approximately teenage’ victim fatally shot in yard, but nobody called 911 about gunfire. The block used to have ShotSpotter

Chicago police officers discovered a tragic scene in Lawndale during a routine patrol, where they…

March 17, 2025

Remembering Andrew Lees

A decade has passed since the inception of the large-scale mine in Madagascar, and the…

January 13, 2025

Vimeo Shuts Down UNLEASHED.NEWS to Censor Explosive Video—Watch Now! |

The recent actions taken by Vimeo to remove all videos from publication and shut down…

October 23, 2024

Sunglasses Celebs Can’t Stop Wearing in 2025

The year 2025 has seen a surge in celebrity eyewear trends, with stars opting for…

August 12, 2025

3 Fall 2025 Fashion Trends to Add to Your Wardrobe Now

This season, the fall 2025 fashion trends are all about expressing your personality through your…

July 31, 2025

You Might Also Like

What To Expect From Micron Technology’s Report
Economy

What To Expect From Micron Technology’s Report

October 30, 2025
Alluvial Capital Management’s Views on FitLife Brands (FTLF)
Economy

Alluvial Capital Management’s Views on FitLife Brands (FTLF)

October 30, 2025
Morgan Stanley Hikes Opendoor (OPEN) PT to  Ahead of Q3 Earnings
Economy

Morgan Stanley Hikes Opendoor (OPEN) PT to $6 Ahead of Q3 Earnings

October 30, 2025
Kelley Dean Patrick Hopkins On ‘Future-Proofing’ Faculty & Students
Economy

Kelley Dean Patrick Hopkins On ‘Future-Proofing’ Faculty & Students

October 30, 2025
logo logo
Facebook Twitter Youtube

About US


Explore global affairs, political insights, and linguistic origins. Stay informed with our comprehensive coverage of world news, politics, and Lifestyle.

Top Categories
  • Crime
  • Environment
  • Sports
  • Tech and Science
Usefull Links
  • Contact
  • Privacy Policy
  • Terms & Conditions
  • DMCA

© 2024 americanfocus.online –  All Rights Reserved.

Welcome Back!

Sign in to your account

Lost your password?