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Sunshinekim
09-30

Let the Bull Run!👍

Chinese Stocks Soar Most Since 2015, Heading for Bull Market

Benchmark CSI 300 Index rises as much as 6.5% on MondayRally extends after fresh steps to ease housing woesChinese stocks extended one of their most remarkable turnarounds in history, soaring for a ni

Chinese Stocks Soar Most Since 2015, Heading for Bull Market

# Chinese Equities Soar

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jislandfund
·09-30
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stimulus working hopefully for longer terms
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- Sunshinekim:
  Yes but there is at least hope now
  09-30
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The index, which lost more than 45% of its value from a 2021 high through mid-September, has since soared more than 20% — heading for a technical bull market. Its rally last week was the biggest since 2008.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/74800cf957cc5fc0fdaac237ef7debcf\" tg-width=\"763\" tg-height=\"433\"/></p><p>The extended rally came after three of China’s largest cities relaxed rules for homebuyers, while the central bank also moved to lower mortgage rates. The latest measures were among the key elements of a sweeping stimulus package released Tuesday that also included interest rate cuts, freeing-up of cash for banks, as well as liquidity support for the stock market.</p><p>While the market has experienced several similar-sized rallies in recent years only to plumb new depths, investors are betting the market’s current momentum may be sustainable in at least the near term. In a sign of continued frenzy, combined turnover on both the Shanghai and Shenzhen bourses exceeded one trillion yuan ($143 billion) in a little over 30 minutes since trading began Monday.</p><p>“The pace of the turnaround is clearly reflective of how oversold the market was,” said Charu Chanana, global markets strategist at Saxo Markets. “There is a clear belief that this time is different when it comes to authorities’ support for the markets.”</p><p>Brokerages were among the top gainers, with Citic Securities Co. hitting the 10% daily upside limit. Almost all of CSI 300’s component stocks were in the green.</p><p>The fear of missing out is also spreading offshore, with hedge funds selling US technology stocks and piling into mining and materials firms.</p><p>“I think the euphoric surge that we saw last week in China markets could turn into something more concrete and sustainable because there appears to be a complete policy shift that could finally address the cyclical headwinds of the past 3 years,” said David Chao, a strategist at Invesco Asset Management. “While there may still be debate over how these policy shifts are implemented and whether enough has been done, I think a new direction has been charted.”</p></body></html>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Chinese Stocks Soar Most Since 2015, Heading for Bull Market</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChinese Stocks Soar Most Since 2015, Heading for Bull Market\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-09-30 10:18 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2024-09-30/chinese-stocks-head-for-bull-market-as-property-rescue-deepens?srnd=phx-latest><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Benchmark CSI 300 Index rises as much as 6.5% on MondayRally extends after fresh steps to ease housing woesChinese stocks extended one of their most remarkable turnarounds in history, soaring for a ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2024-09-30/chinese-stocks-head-for-bull-market-as-property-rescue-deepens?srnd=phx-latest\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"000001.SH":"上证指数"},"source_url":"https://www.bloomberg.com/news/articles/2024-09-30/chinese-stocks-head-for-bull-market-as-property-rescue-deepens?srnd=phx-latest","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1131760142","content_text":"Benchmark CSI 300 Index rises as much as 6.5% on MondayRally extends after fresh steps to ease housing woesChinese stocks extended one of their most remarkable turnarounds in history, soaring for a ninth straight day as government stimulus entices investors back to one of the most beaten-down markets worldwide.The CSI 300 Index jumped as much as 6.5% on Monday, the most since 2015, as traders rushed to buy shares in the last session before a week-long holiday. The index, which lost more than 45% of its value from a 2021 high through mid-September, has since soared more than 20% — heading for a technical bull market. Its rally last week was the biggest since 2008.The extended rally came after three of China’s largest cities relaxed rules for homebuyers, while the central bank also moved to lower mortgage rates. The latest measures were among the key elements of a sweeping stimulus package released Tuesday that also included interest rate cuts, freeing-up of cash for banks, as well as liquidity support for the stock market.While the market has experienced several similar-sized rallies in recent years only to plumb new depths, investors are betting the market’s current momentum may be sustainable in at least the near term. In a sign of continued frenzy, combined turnover on both the Shanghai and Shenzhen bourses exceeded one trillion yuan ($143 billion) in a little over 30 minutes since trading began Monday.“The pace of the turnaround is clearly reflective of how oversold the market was,” said Charu Chanana, global markets strategist at Saxo Markets. “There is a clear belief that this time is different when it comes to authorities’ support for the markets.”Brokerages were among the top gainers, with Citic Securities Co. hitting the 10% daily upside limit. 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