Chinese stock markets up after sweeping measures to boost housing sector, property shares pop
Publishing timestamp: 2024-05-17 03:50:25
Summary
China's central bank announced measures to boost property market, leading to stock gains in China and Hong Kong. IMF criticizes US tariff hikes on imports. Malaysia's economy beats estimates. Hong Kong court adjourns hearing for liquidation of Country Garden Holdings. China's unemployment rate eases. Research suggests higher unemployment may be needed to reduce inflation.
Sentiment: MIXED
Tickers: @LCO.1, ARM, .SSEC, .SZI, 2202-HK, 960-HK, .AXJO, .HSI, 3380-HK, JPY=, 1918-HK, 2007-HK, AUD=, .DJI, NVDA, .N225, @CL.1, .SPX, .DXY, .IXIC, .KS11,
Keywords: s&p/asx 200, shanghai, business news, asia economy, arm holdings plc, prices, hang seng index, wti crude (mar'23), breaking news: markets, australia, breaking news: asia, ice brent crude (apr'23), s&p 500 index, usd/jpy, kospi index, nvidia corp, world markets, shenzhen component index, nikkei 225 index, markets, dow jones industrial average, dxy us dollar currency index, nasdaq composite, economic events, australian dollar/us dollar fx spot rate,
Source: https://www.cnbc.com/2024/05/17/asia-markets.html