New Overnight Developments Abroad - Daily Update
Uncertainty About the Impact of A Chinese Government Plan to Support Equity Values
January 23, 2024
At a Chinese government cabinet meeting, officials are reported to have conceived plans to lend direct support to the economy’s flailing stock market and thereby buttress investor confidence. The rumored scheme only lifted the Shanghai composite index by a net 0.5% overnight, and a 3.2% initial jump in Hong Kong’s Hang Seng index was trimmed […] More
