China stocks extend stimulus rally as rest of Asia struggles

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TOKYO: Chinese stocks made brisk gains on Wednesday, extending their stimulus-fueled rally to a second day, even as equities in the rest of the region struggled and crude oil retreated from a multi-week high.

Brent crude futures slipped 13 cents to $75.04 a barrel, but remained close to Tuesday's high of $75.87, a level previously not seen since Sept.3.U.S.

"The debate remains intense on whether there are legs to this rally, though the desk is seeing investors opting to buy/short cover first and ask questions later," UBS analysts wrote in a note to clients.

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Category: EconomyBusiness

Markets: MalaysiaAustraliaChinaHong KongJapanSouth Korea

Topics: Equities Stocks Commodities /Business/Business News Markets Trading Asia

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Article Type: News Report

Published On: 2024-09-25 @ 13:52:00 (4 days ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

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