🏛️ Hopes for additional stimulus drive the Chinese market higher
Indices in the Asia-Pacific region mainly record a negative session, except for China. Chinese indices are dynamically gaining between 4.00-5.00% following a reportedly submitted request from the China Securities Regulatory Commission for support in the stock market. According to confidential information, Chinese President Xi Jinping received information from Chinese regulatory bodies about the necessity to support financial markets and prevent further price declines. Stocks in China and Hong Kong have lost about 7 trillion dollars in value since their peaks in 2021.
CHN.cash (D1)
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Source: xStation
