
China has expressed confidence in reaching its economic targets for the year and has promised further support for growth. However, the state planner has not introduced any new major stimulus measures. This announcement, coupled with disappointing stimulus details, has led to a cooling of China's stock rally, which has also impacted European markets and caused oil prices to retreat. The Hang Seng Index ($HSI), FTSE 100 ($FTSE), Euro Stoxx 50 ($STOXX50), and crude oil futures ($CL_F) are among the affected tickers.
📉🌏 China Stock Rally Fizzles After Disappointing Stimulus Details, Weighing on European Markets and Oil Retreats Tickers of interest: $HSI $FTSE $STOXX50 $CL_F Full Story → https://t.co/5vbfDchxYl https://t.co/5mzrl39Btk
🇨🇳 #China’s Stock Rally Cools as Beijing Holds Off on Major Stimulus – Bloomberg https://t.co/oN46mK6lGE https://t.co/l9GmYGzHLK
🇨🇳 #China Vows to Hit Economic Goals, Stops Short of Large Stimulus - Bloomberg https://t.co/xru0cxqFG4