Asian stocks rise as China cuts repo rate, boosting investor confidence; Australia's retail losses contrast

From Google: 2024-09-22 22:44:28

Asian stocks surged as markets responded to China’s repo rate cut. The move by the Chinese central bank helped boost investor confidence, particularly in Chinese stocks. However, Australian stocks suffered losses due to disappointing retail data. The contrasting fortunes highlight the sensitivity of markets to economic policy and consumer sentiment.



Read more at Google: Asian stocks rise; China up on repo rate cut, Australia hit by retailer losses – Investing.com Canada