Chinese Stocks Bounce Back as Stimulus Hopes Offset Trump Risks [Yahoo! Finance]
BANK OF EAST ASIA S/ADR (BKEAY)
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Source: Yahoo! Finance
Most Read from Bloomberg Paris Restricts Through Traffic in City Center Key Ballot Initiatives and Local Races Highlight Views on Abortion, Immigration From Housing to Immigration, Key Ballot Initiatives and Local Races to Follow The onshore CSI 300 Index climbed 3% to finish at its highest level in about a month, despite a 1% loss after the opening bell. It fell 0.5% in the previous session. A key gauge of Chinese firms listed in Hong Kong closed 2.5% higher. China's currency also flipped to gains, even after the country's central bank slashed its daily reference rate to a level unseen since late 2023. The onshore yuan rose as much as 0.3% versus the dollar in the afternoon, reversing a 0.2% decline as state banks sold the greenback. Optimism is growing that authorities may announce stronger stimulus measures after a key legislature meeting concludes on Friday, which would help cushion any blow from potential tariffs threatened by President-elect Donald Trump. Sentiment
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