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0 0.00245098039215681 0.00245098039215681 0.00245098039215681 0.00674019607843134 0.00919117647058837 0.0110294117647059 0.00857843137254906
Stock impact report

China Market Update: Markets Surge On Fed’s Decisive Action, End Of Wuhan & Hubei Province Quarantine [Forbes]

CHINA CONSTR BK UNSP/ADR (CICHY) 
NASDAQ:AMEX Investor Relations: ccb.com/en/newinvestor/index.html
Company Research Source: Forbes
Key News Asian equities cheered the Fed’s decisive action to shore up the financial system’s plumbing and particularly the fixed income market by buying bonds. The general feeling amongst brokers yesterday mid-afternoon was that Congress is fiddling while the US economy burns. A strong fiscal response from Congress appears to finally be in the works, which lifted sentiment. Korea was a performance standout gaining +8% while markets were broadly higher across the board though Singapore and Indonesia were off. Many Asian markets remain tremendously oversold. Thus, a bounce is overdue. While Premier Li cautioned that vigilance in containing the coronavirus is still needed, it was announced that Wuhan’s quarantine will be lifted April 8 Autos had a good day on rumored policy support while materials were driven higher by gold stocks. It was announced Chinese movie theaters will be allowed to reopen in another sign of China’s progress in halting the coronavirus. CICC’s civil transportation Show less Read more
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