China stocks ended Monday firmer, as investors hoped for more stimulus measures to shore up the slowing economy after a interbank lending rate cut.
The blue-chip CSI300 index rose 0.8%, to 3,907.93, while the Shanghai Composite Index added 0.6% to 2,909.20.
China's central bank unexpectedly trimmed a closely watched lending rate on Monday, the first such cut in more than four years and a signal to markets that policymakers are ready to act to prop up slowing growth.
Analysts say the cut also shows the central bank is keen to ease investor worries that higher retail inflation would prevent it from delivering fresh stimulus.
Source : Reuters
RELATED NEWS
Hong Kong Stocks Finish With Gains (review)
Saturday, 28 March 2020 03:16 WIBHong Kong stocks rose Friday, closing a healthy week on a positive note as investors welcomed a blockbuster US stimulus plan and pledges by the Federal Reserve to ease liquidity concerns. The Hang Seng Index added 0.56 percent, or 131.94 points, to close at 23,484.28. The benchmark Shanghai Compos...
Dow drops more than 900 points on Friday, but still finishes higher for the week
Saturday, 28 March 2020 03:12 WIBStocks fell sharply on Friday, giving back some of the strong gains experienced in the previous three days to cap off another volatile week on Wall Street. Sentiment took a hit as investors focused back on the coronavirus outbreak as the U.S. became the country with the most confirmed cases. The D...
European markets close lower as investors monitor coronavirus and stimulus measures
Friday, 27 March 2020 23:45 WIBEuropean stocks closed lower Friday as investors monitored the spread of coronavirus while policymakers scrambled to agree on a unified response. The pan-European Stoxx 600 closed down 3.2%, with banks and autos dropping more than 5% to lead losses as all sectors and major bourses slid into negativ...
Dow heads more than 3% lower Friday, risks snapping 3-day win streak as U.S. tops China in coronavirus cases
Friday, 27 March 2020 23:35 WIBU.S. stock indexes traded sharply lower Friday midday, after the Dow Jones Industrial Average and S&P 500 a day ago booked their best three-day win streaks since the 1930s. Investors are worried that there are now more cases of COVID-19 reported in the U.S. than in China, while awaiting the lik...
Stocks Slide at The Open after Three Consecutive Days of Gains
Friday, 27 March 2020 20:59 WIBU.S. stocks opened sharply lower Friday, at risk of snapping a three-day winning streak as cases of the novel coronavirus continued to spiral higher. The Dow Jones Industrial Average opened about 842 points, 3.7%, lower, near 21.711, while the S&P 500 was 89 points, 3.4%, lower, to start tradin...
Gold futures end higher after record weekly U.S. jobless claims
China Rebukes Pompeo for 'Wuhan Virus' Comment
Hong Kong Stocks Close With Losses (Review)
Hong Kong Stocks Close With Losses
Hong Kong Stocks Finish With Gains (review)
Hong Kong Stocks Finish With Gains (review)
Saturday, 28 March 2020 03:16 WIB
Hong Kong stocks rose Friday, closing a healthy week on a positive note as investors welcomed a blockbuster US stimulus plan and pledges by the Federal Reserve to ease liquidity concerns.
The Hang Seng Index added 0.56 percent, or 131.94 points,...