Reported 2 days ago
Chinese stock exchanges have reportedly asked major mutual funds to limit stock selling as the year begins, hoping to stabilize markets in light of concerns over U.S. tariffs under incoming President Trump. At least four large funds received requests to ensure daily stock purchases outpace sales, aiming to counteract significant losses seen on the first trading day of 2025. This initiative is part of broader efforts by Chinese authorities to bolster investor confidence and stabilize the economy, which has faced challenges in recent months.
Source: YAHOO