To The Moon

Instead, retail traders were motivated to take profits. This week, the Chinese government unveiled a slew of stimulus measures to boost its economy and get national GDP to an annual growth target of 5%. Chinese markets loved the news, with the CSI 300 index XX:000300 jumping 4.3% and Hang Seng HK:HSI gaining 4.1% on Tuesday and then continuing those gains throughout the week.Yet despite all the fervor, retail investors weren't convinced to buy in.Data from Vanda Research showed that retail investors' appetite for Chinese ETFs and ADRs remained at muted levels, much lower than in 2020 and 2021."Do not count on retail traders to get behind China's latest efforts to prop up their stock market. After getting burned repeatedly since 2021, retail appetite for Chinese equity ETFs and ADRs has fallen into deep bear market," Marco Iachini, senior vice president of research, and Lucas Mantle, vice president of data science, wrote in a Vanda Research note.Still, these gains resulted in more retai

The best week in 16 years for China's stock market was built on hope. Worse, it was built on hope for more state intervention, one of the reasons its economy is in such trouble to start with.Start with the hope. China went for a triple boost last week: cuts to interest rates and other easing, loans to investors and to companies to buy back their stock, and a promise of something "fiscal" in yet-to-be-defined size.Investors loved the idea of central bank support for share buying, not surprisingly. No need to rely on the "national team" of state-directed buyers that stepped in after the 2015 bubble popped if the central bank will support prices directly.But it was the politburo's use of the word "fiscal," and its surprise decision to focus its September meeting on the economy, that really fired up the hopes. If China starts doling out trillion-yuan stimulus here and there, could it get the economy out of its housing-induced slowdown?Clearly investor sentiment changed. It isn't obvious t

The Federal Reserve on Wednesday approved its 10th interest rate increase in just a little over a ye

Thursday’s Consumer Price Index (CPI) report was a promising, albeit sluggish sign that inflation is

Singapore shares were flat at the close on Thursday (Oct 20), while most regional markets ended lowe

$MEDTECS INTERNATIONAL CORP LTD(546.SI)$WoW.. what happen ?