China stock rally fizzles as stimulus news disappoints
A stock market rally in China has fizzled out as a highly-anticipated announcement on plans to boost the country's ailing economy disappointed investors. Shares had jumped by over 10% as trading restarted after the Golden Week holiday but fell back after a news conference by the country's economic planners.
China said on Saturday it will "significantly increase" government debt issuance to offer subsidies to people with low ...
13hon MSN
Meanwhile, one expert suggested that investors are misunderstanding China's intent in providing the stimulus boosts.
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