Time: 2024-10-12
Asian equity proverb blend performance, with Hong Kong surpass Mainland China and most Asian market. mainland-list share bounce after a significant downdraft, drive by high hope for the National Development & Reform Commission. The Ministry of Finance announce plan to issue extremist-long-date chemical_bond at a output of 2.19% for 30 old_age. The PBOC originate a barter plan worth RMB 500 billion to supply extra liquid to fiscal institutions.
On the Mainland, all sector, except for technology and Real Estate, were higher. In Hong Kong, all sector proverb addition, with Meituan being the second most-trade stock on the Hang Seng index. The Hang Seng and Hang Seng Tech index close higher by +2.98% and +2.05%, respectively. Energy, Financials, and Consumer Staples were the top-acting sector, while Communication Services, Health Care, and Information Technology were the worst-acting sectors.
Shanghai, Shenzhen, and the STAR Board close with change performance, with Energy, Utilities, and Industrials emerge as the top-acting sector. Information Technology, Real Estate, and Health Care were among the worst-acting sector. analyst are upgrade their monetary_value target and growth prognosis for Chinese internet stocks, expect consumer fiscal policy to be announce soon.
The approaching issue of government chemical_bond and the liquid injection by the PBOC are expect to support market sentiment. analyst anticipate continue ascent for Chinese internet stocks, depend on the impact of approaching fiscal policy. investor are closely observation for announcement from the finance curate's conference schedule for this weekend. The performance of different sector in the market reflect the ongoing development in China's fiscal landscape.
In decision, the fiscal market in China stay moral_force, with government chemical_bond issue, liquid injection, and sector-particular performance drive investor sentiment. The approaching fiscal policy and announcement from policymakers are likely to influence market tendency in the approach days. market participant are rede to stay inform and proctor development closely for potential investing opportunities.
Business
