Asian Markets Boosted by China's Economic Stimulus Moves

Asian markets rallied as China's central bank announced a 500 billion yuan facility to drive economic recovery. Chinese and Hong Kong stocks saw significant gains, while U.S. markets await inflation data. The focus remains on China's fiscal stimulus

By: Devdiscourse

Oct 10 2024
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Asian Markets Boosted by China

Asian markets received a major boost on Thursday, largely driven by China's significant economic intervention. The People's Bank of China launched a 500 billion yuan facility aimed at invigorating capital markets, lifting both Chinese and Hong Kong s... [647 chars]