China Stocks Surge After Holiday With Traders Watching for More Stimulus
As we monitor more excited onshore market trading, we have the China top planning agency briefing in less than 20 minutes from now.
After months of trying and failing to guess when President Xi Jinping’s tolerance for slow growth might be running out of steam, investors were taken by surprise by the pace and intensity of China’s stimulus blitz in late September.
The moves ranged from monetary easing to yet more support for the struggling real estate sector. Though some details are still missing, the announcements unscored the sense of urgency among policymakers to act.