Chinese stocks surge with strongest week since 2008 due to $114 billion stimulus

From Google: 2024-09-29 19:26:55

Chinese stocks experienced their strongest week since 2008, as they surged due to a $114 billion stimulus package. The Shanghai Composite Index increased by 9.4%, while the blue-chip CSI300 index rose by 8.6%. The Chinese government’s efforts to boost the economy have had a positive impact on the stock market.

This surge in Chinese stocks comes after the government announced a $114 billion stimulus package to support economic growth. The Shanghai Composite Index saw its best week since 2008, rising by 9.4%, while the blue-chip CSI300 index also increased by 8.6%. The stimulus measures have been effective in boosting investor confidence.

The Chinese stock market had its strongest week since 2008, with the Shanghai Composite Index rising by 9.4% and the blue-chip CSI300 index increasing by 8.6%. This surge was fueled by a $114 billion stimulus package announced by the government to support economic growth. Investor confidence in the Chinese market has been boosted by these measures.



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