Chinese Shares Mixed; Eyes on Finance Ministry’s Saturday Briefing
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 09 2024
0mins
Source: WSJ
Market Overview: Chinese shares are mixed as investors await a press conference from the Ministry of Finance for potential stimulus hints; the Shanghai Composite Index and Shenzhen Composite Index both rise by 0.7%, while the ChiNext Price Index falls by 0.5%.
Sector Performance: The People’s Bank of China has established a 500 billion-yuan swap facility to enhance liquidity, with securities firms like Haitong Securities and Guotai Junan Securities seeing significant gains; however, property stocks such as China Vanke and Poly Developments & Holdings experience losses.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
