21 hours ago
Chinese Stocks Experience Volatile Trading as Investors Weigh Next Steps
Asianfin--Chinese stocks experienced fluctuations in early trading on Tuesday as investors grappled with the potential extent of the recent rally. As of 10:28 a.m. local time, the CSI 300 Index was down 0.3%, having previously dropped as much as 1.4% after rising 1.9% on Monday. Meanwhile, a measure of Chinese shares listed in Hong Kong fell by 0.5%. Recent sessions have seen increased volatility as investors evaluate the durability of the stimulus-driven rally that started late last month. While details on Beijing's planned fiscal measures remain uncertain, Caixin reported that China could raise ¥6 trillion ($846 billion) through ultra-long special government bonds over three years as part of efforts to revitalize the sluggish economy. Following the central bank's easing actions in late September, investors are pressing for enhanced fiscal spending from the government. Officials indicated new measures to support the property sector and suggested potential increases in government borrowing during a weekend briefing, although specific amounts were not disclosed.
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