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Bloomberg News/Chinese Stocks Rally Most Since 2016 as State Steps Up Support 본문
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Bloomberg News/Chinese Stocks Rally Most Since 2016 as State Steps Up Support
초심독자 2018. 10. 22. 17:44Chinese Stocks Rally Most Since 2016 as State Steps Up Support
Bloomberg News
October 22, 2018
Chinese equity market shows a largest jump since March 2016. Volatility of the market picked 45 percent, the highest rank among equity indexes. Chinese President Xi Jinping released a promise that the government would support private economic sector as well as reduce consumer's income tax. It is designed to change dark economy forecast by boosting the private part of economy. Market responses immediately with a surge in equity index. Hong Kong equity index, which usually flows together with Chinese mainland indexes, increased as well.