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China reopens with a bang scaling highs but fails to lift Asia stocks

Business Standard LogoBusiness Standard12h ago

China reopens with a bang scaling highs but fails to lift Asia stocks - Business Standard

Quick Summary:

Any chance of another 50-basis-point rate cut next month has been erased and traders are pricing in a 12 per cent chance the Fed could keep rates on hold.

Mainland Chinese stocks returned from an extended break with a roaring start on Tuesday, scaling multi-year highs as investor exuberance over Beijing's aggressive stimulus measures showed no signs of easing.

But Hong Kong's Hang Seng Index tumbled 3.9 per cent, with the Hang Seng Mainland Properties Index sliding more than 7 per cent.


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Article Details

Category: BusinessFinance

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-08 @ 09:58:39 (12 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 737 words

Reading Time: 5 minutes read

Sentences: 22 lines

Sentence Length: 34 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 22947702

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About Business Standard

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Main Topics: BusinessFinance

Official Website: business-standard.com

Update Frequency: 309 posts per day

Year Established: 1975

Headquarters: India

News Last Updated: 2 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +5:00

Content Availability: Worldwide

News Language: English

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API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #49

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