China stocks surge over 3% amid measures to prop up markets; Hong Kong shares gain 4%
Publishing timestamp: 2024-02-06 08:52:25
Summary
The article discusses the surge in China and Hong Kong stocks due to measures taken by authorities to address the recent sell-off. It also mentions declines in other Asia-Pacific markets. Other topics covered include the Reserve Bank of Australia's decision to leave interest rates unchanged, household spending in Japan, retail sales in Australia, and oil prices. The article also mentions the decline in expectations for interest rate cuts in the US and provides some investment recommendations.
Sentiment: MIXED
Tickers: .N225, AUD=, @LCO.1, .DJI, .SSEC, .SPX, @CL.1, BABA, .IXIC, JPY=, .BKX, .AXJO, BA, .SZI, .DXY, .KS11, .HSI,
Keywords: wti crude (mar'23), shanghai, markets, nikkei 225 index, s&p 500 index, asia economy, shenzhen component index, hang seng index, world markets, dow jones industrial average, breaking news: asia, kospi index, australian dollar/us dollar fx spot rate, business news, ice brent crude (apr'23), s&p/asx 200, usd/jpy, breaking news: markets, australia, nasdaq composite, prices, economic events, dxy us dollar currency index,
Source: https://www.cnbc.com/2024/02/06/asia-markets.html