Bloomberg headline: China mulls stock market rescue package backed by $278 bn

Bloomberg citing unnamed sources for the report:China considering a 1 trillion yuan fiscal stimulusAlso considering special bond stimulusMainland and Hong Kong stocks pop. CNY also a little higher. CNH too:We have had hints and innuendo of something like this. Tru this time? This article was written by Eamonn Sheridan at www.forexlive.com.

Jan 23, 2024 - 08:15
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Bloomberg headline: China mulls stock market rescue package backed by $278 bn

Bloomberg citing unnamed sources for the report:

  • China considering a 1 trillion yuan fiscal stimulus
  • Also considering special bond stimulus

Mainland and Hong Kong stocks pop.

CNY also a little higher.

CNH too:

We have had hints and innuendo of something like this. Tru this time? This article was written by Eamonn Sheridan at www.forexlive.com.

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