China Stocks Rise 1.9% as Fiscal Support Hinted. CSI 300 Index Surges 25% Since September Low.

China Stocks Rise 1.9% as Fiscal Support Hinted. CSI 300 Index Surges 25% Since September Low.

Chinese stocks rebounded Monday, with the CSI 300 Index climbing 1.9 after Finance Minister Lan Fo’an hinted at increased fiscal support during a briefing. The index has risen 25 from its September low, with property stocks surging above 4. Goldman Sachs upgraded its forecast for China’s economic growth in 2024 and 2025, noting a shift in policy focus toward expansion. Weak trade and price data highlight ongoing economic challenges.


User: Benzinga

Views: 1K

Uploaded: 2024-10-14

Duration: 00:34

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