RealNews

China shares up on new goverment financial support

Chinese shares rose Thursday despite falls elsewhere in the region after the government pledged more measures to support markets. The benchmark Shanghai Composite Index closed up 1.8 percent, or 36.09 points, at 2001.5 after gaining as much as 4.6 percent. The Shenzhen Composite Index for China’s smaller second exchange posted a 0.5 percent gain to 587.43. Chinese investors were optimistic that an upcoming economic planning meeting of Chinese leaders might produce more measures to stimulus growth following last month’s announcement of a 4 trillion package ($586 billion) package, analysts said. Full Story

OODA Analyst

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