DJIA27873.63
LIVE-36.72(-0.13%)
NDX8386.72
LIVE-15.89(-0.19%)

China stocks rise most in two weeks on fresh stimulus hopes


Tuesday, 19 November 2019 14:54 WIB

SahamChinaIndeks Shanghai CompositeCSI 300 Blue-Chip


c_740_198_16777215_00_images_assets_CHINA_0shanghai-stock-exchange-720x449.jpg

China stocks rose the most in two weeks on Tuesday, as a cut in a key interbank funding rate on Monday bolstered hopes for more government stimulus to prop up slowing growth.

The blue-chip CSI300 index rose 1.0%, to 3,947.04, while the Shanghai Composite Index gained 0.9%, to 2,933.99.

The People's Bank of China unexpectedly trimmed a closely watched money market funding rate on Monday, the first such cut in more than four years and a signal to markets that policymakers are ready to act to prop up slowing growth. The seven-day reverse repurchase rate was cut to 2.50% from 2.55%.

Source : Reuters


RELATED NEWS

  • Hong Kong stocks surged more than one percent Thursday after the Federal Reserve indicated it would leave interest rate unchanged next year, while investors are keeping tabs on the China-US trade talk...

POPULAR NEWS

DISCLAIMER

Seluruh materi atau konten yang tersaji di dalam website ini hanya bersifat informatif saja, dan tidak dimaksudkan sebagai pegangan serta keputusan dalam investasi atau jenis transaksi lainnya. Kami tidak bertanggung jawab atas segala akibat yang timbul dari penyajian konten tersebut. Semua pihak yang mengunjungi website ini harus membaca Terms of Service (Syarat dan Ketentuan Layanan) terlebih dahulu dan dihimbau untuk melakukan analisis secara independen serta memperoleh saran dari para ahli dibidangnya.