Market View: China optimism is surging. How is it affecting Singapore stocks?
Listen now
Description
Chinese tech stocks are hitting highs not seen in more than a year after China’s central bank announced measures to stimulate the world’s second-largest economy. The central bank on Friday lowered interest rates and injected liquidity into the banking system as Beijing assembled a last-ditch stimulus assault to pull economic growth back towards this year's roughly 5 per cent target. More fiscal measures are expected to be announced before China's week-long holidays starting on Oct. 1. The CSI 300 rallied nearly 15% this week and Hong Kong’s Hang Seng index is set for its best week since 1998. Dan Chang, Investment Specialist and Trading Representative at PhillipCapital, tells us about the Chinese stimulus measures' impact on the Singapore market and what he is looking forward to in the days ahead.       See omnystudio.com/listener for privacy information.
More Episodes
This week, an unexpected turn of events at the start of a much-anticipated criminal trial of Singapore's former transport minister S Iswaran. The landmark trial marks the first time in 50 years that a political office holder was put in the dock.  The 62 year-old pleaded guilty after prosecutors...
Published 09/27/24
Whenever there are major changes, be it to a business or one's life, having storage space can be an essential solution. The self-storage sector has been seeing a remarkable ascent in recent years with more players entering the market. As the demand for self-storage in Singapore grows more robust,...
Published 09/26/24