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Asia stocks rise as China central bank hints at more support
Equities began the week on the front foot as signs of support measures from China’s central bank helped investors put to one side concerns that new coronavirus outbreaks could undermine efforts to restart the global economy. In Asia Pacific trading on Monday, Japan’s benchmark Topix index was up 1.6 per cent, Hong Kong’s Hang Seng climbed 2 per cent and Australia’s S&P/ASX 200 rose 1.7 per cent. China’s CSI 300 of Shanghai- and Shenzhen-listed stocks gained 0.2 per cent. Investor sentiment was bolstered by the People’s Bank of China’s announcement over the weekend that it would lower real lending rates and “place support for [the] recovery of the real economy in a position of greater priority”.
https://finance.yahoo.com/m/e8fc911...3272/asia-stocks-rise-as-china.html?.tsrc=rss
Equities began the week on the front foot as signs of support measures from China’s central bank helped investors put to one side concerns that new coronavirus outbreaks could undermine efforts to restart the global economy. In Asia Pacific trading on Monday, Japan’s benchmark Topix index was up 1.6 per cent, Hong Kong’s Hang Seng climbed 2 per cent and Australia’s S&P/ASX 200 rose 1.7 per cent. China’s CSI 300 of Shanghai- and Shenzhen-listed stocks gained 0.2 per cent. Investor sentiment was bolstered by the People’s Bank of China’s announcement over the weekend that it would lower real lending rates and “place support for [the] recovery of the real economy in a position of greater priority”.
https://finance.yahoo.com/m/e8fc911...3272/asia-stocks-rise-as-china.html?.tsrc=rss
