Mainland China shares rebounded due to anticipation of government economic support.
Mainland China shares rebounded after a holiday break, boosted by hopes for government support for the economy and property sector. Asian markets saw gains as optimism for interest rate cuts grew following lower-than-expected US job creation figures. The Nasdaq led Wall Street's rise, and mainland Chinese equities increased due to anticipation of fresh government economic support. The Federal Reserve's potential easing of rates and the yen's weakening also contributed to the positive market sentiment.
May 05, 2024
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