China's economic stimulus plan boosts Asian stocks, lifting investor sentiment across the region.

From Al Jazeera: 2024-09-24 00:43:00

Asian stocks rose on Friday after China announced plans to boost its economy with tax cuts and infrastructure spending. This news helped lift investor sentiment across the region. The MSCI Asia Pacific Index climbed 0.5% as a result of the stimulus plan. Chinese stocks also saw gains, with the Shanghai Composite Index increasing by 0.4% and the CSI 300 Index rising by 0.6%. The positive response to China’s measures also boosted global equities, with the MSCI All-Country World Index gaining 0.2% as a result. Overall, the economic stimulus plan has had a positive impact on markets worldwide.



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