Reported 11 days ago
Chinese equities experienced their largest weekly rally since 2008, fueled by substantial investor activity and increased economic stimulus from the government. The CSI 300 Index rose 4.5% on Friday, contributing to a total weekly gain of 16%. This surge in trading overwhelmed the Shanghai stock exchange, highlighting a significant change in investor sentiment as fears of missing out intensified. The rally follows a series of monetary stimulus measures aimed at reviving the struggling housing market and boosting consumption, with hopes for a sustained recovery despite uncertainties surrounding China's broader economic plans.
Source: YAHOO