💨 Abstract

Chinese stocks rebounded on Thursday, driven by anticipation of a forthcoming fiscal stimulus announcement. The Chinese central bank initiated a 500 billion yuan plan to boost capital markets, part of a broader series of stimulus measures. Mainland shares and Hong Kong's Hang Seng index surged, with the CSI300 index rising 3%. The focus is on a finance ministry press conference this weekend for details of the stimulus plan.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖