View full page at forexfactory.com

 

China Stocks Surge After New Measures to Boost Markets

From bnnbloomberg.ca

Chinese stocks jumped after authorities announced a slew of measures to woo back investors including a reduction of the stamp duty on stock trades and a slower pace of initial public offerings. The CSI 300 Index of mainland shares rallied as much as 5.5% early Monday, the most in three years, with some brokerage stocks gaining up to the limit. The Hang Seng China Enterprises Index rose 3.8%, while the Hang Seng Index also advanced more than 3%. The levy charged on stock trades will drop from 0.1% to 0.05% as of Aug. 28, the Ministry of Finance said in a statement Sunday, in a move to “invigorate capital markets and ... (full story)

Story Stats

  • Posted:
  • Category: Fundamental Analysis