Chinese brokerages promise market support, firms set buybacks as trade war intensifies

Brokerage Efforts to Stabilize Markets: Major Chinese brokerages have committed to stabilizing domestic share prices amid escalating trade tensions with the U.S., following a meeting organized by the Shanghai Stock Exchange.

Corporate Buyback Initiatives: Over 100 Chinese listed companies, including state-controlled firms, have announced stock buybacks to restore market confidence as shares hit six-month lows due to the trade war.