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Upward trend on the stock market in China following stimuli

» Updated: 04 October 2024, 11:54

» Published: 27 September 2024

Upward trend on the stock market in China following stimuli
Photo: Louise Delmotte/AP/TT

The positive tones persist on the stock exchanges in China, following news of measures to kick-start the economy. On Friday, the central bank announced that the measures presented earlier in the week – lowered interest rates and lowered capital requirements on banks – are now being implemented.

The Shanghai composite index rose more than 2 percent at the opening, but had backed off slightly by lunchtime and was up a total of 1 percent. The Shenzhen composite index was up 4 percent.

The Hong Kong Hang Seng index also rose at the opening, more than 3 percent, but had stabilized around 2 percent by lunchtime.

In Japan, the key Nikkei 225 was up 0.1 percent, while the Topix index had fallen by 0.7 percent.

TTT
By TTThis article has been altered and translated by Sweden Herald

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