Chinese stocks rebound after bear market dip on suspected state support
Briefing by News4U · First published
CSI 300 Index rose 1.7% to 4,105.33 after a sell-off, with surging ETF volumes hinting at possible state buying.
SCMP Business reported that Chinese stocks rebounded on Friday after a sell-off drove the benchmark index into a bear market, as surging trading volumes in the nation’s biggest exchange-traded funds pointed to possible state buying and major companies at the centre of the artificial intelligence trade sought to soothe investors. [1]
Sources
- Chinese stocks bounce back from bear market on suspected state support
SCMP Business · · Summary only