Reported 1 day ago
Asian shares rose sharply after China announced a reduction in key interest rates, aiming to counteract economic challenges exacerbated by ongoing trade tensions with the U.S. Notably, CATL, a major player in electric battery manufacturing, saw its stock surge during its initial public offering. Analysts anticipate further rate cuts may be needed to boost economic activity, as current measures might not sufficiently stimulate loan demand amid slowing retail sales and factory output.
Source: YAHOO