Markets Shrug at China Debt Bailout -- WSJ

Dow Jones11-08

By WSJ Staff

China's legislators extended a financial lifeline to indebted local governments, but held off on new fiscal stimulus measures to revive the struggling economy.

Here's how some China-related assets were trading Friday:

-- U.S.-listed Chinese stocks, such as Alibaba, JD.com and PDD, traded lower premarket.

-- Shares in European luxury companies, such as LVMH and Hermès, dropped.

-- Copper futures traded more than 2% lower.

-- In Hong Kong, Hang Seng Index futures declined about 2.8%.

-- Chinese stock markets had already closed for the week.

Earlier this week, The Wall Street Journal had reported that China wasn't planning to unleash a "bazooka" stimulus, at least not this year.

Go deeper:

This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage).

(END) Dow Jones Newswires

November 08, 2024 05:33 ET (10:33 GMT)

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The full stream can be found by searching P/WSJL (WSJ Live Coverage). \n\n\n  (END) Dow Jones Newswires\n\n\n  November 08, 2024 05:33 ET (10:33 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.2","shortVersion":"4.29.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2481214661"}