Chinese stocks remain steady in the face of wild gyrations in global financial markets

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Chinese stocks remain steady in the face of wild gyrations in global financial markets - SCMP

Quick Summary:

Mainland stocks’ subdued reaction may help boost the appeal of the US$8.4 trillion market that is grappling with waning confidence and economic slowdown, according to analysts.

The daily movement on the CSI 300 has remained below 2 per cent every day this month, unlike massive gyrations in other Asian markets, according to Bloomberg data.

A Politburo meeting chaired by Communist Party boss Xi Jinping last week dispelled some gloom in the market by signalling more measures to stimulate short-term growth and support household consumption.