China's government signals easing measures, leading to surge in stocks and bonds

From Investing.com: 2024-12-09 04:16:32

Stocks and China’s government bonds soar as Politburo hints at more easing measures. 10-year yields hit record low at 1.922%. China’s growth falters amid property market collapse. Shift to “moderately loose” monetary policy signals support for recovery. Hang Seng index surges above 20,000 level, tech shares jump 4.3%. Chinese shares listed in Hong Kong rise 3.1%. Market focus on stock and property markets. Foreign investors cautious, but moves show urgency ahead of trade tensions with U.S. Yuan steady at 7.2751 per dollar. Bond market rally hits record levels, anticipating interest rate cuts. China’s economic growth expected to improve with new fiscal and monetary policies. Central Economic Work Conference to set key targets and policy intentions for next year.



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