China’s stock market turnover sinks to 4-year low as investors fret over stimulus

Quick Summary:

The slump in turnover mirrors subsiding interest in onshore stocks, as traders remain unimpressed by cuts to the policy loan rate and the loan prime rate following a Politburo meeting last month.

The slump in turnover has also coincided with the unwinding of leveraged stock purchases, a measure of market sentiment particularly among active traders.

The turnover in Hong Kong shrank to a six-month low of HK$68 billion (US$8.7 billion), the data showed.

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Article Details

Author / Journalist: Zhang Shidong

Category: Business

Markets: Hong KongChina

Topics: China’s Growth Data Shanghai Billion Economic Yuan Turnover Investors Recovery Market

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-15 @ 15:26:23 (2 hours ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 551 words

Reading Time: 4 minutes read

Sentences: 16 lines

Sentence Length: 35 words per sentence (average)

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

Copyright Owner: © SCMP

News ID: 22084636

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