
China's finance ministry has announced new fiscal stimulus measures aimed at supporting the property sector and addressing economic weakness. However, the announcement lacked specific details on the size and scope of the stimulus, leaving investors uncertain. The ministry's briefing over the weekend promised more aid for the slumping property sector and indebted local governments but refrained from providing precise figures. This has led to increased market volatility, with Chinese stocks experiencing a mixed reaction. Analysts have cautiously welcomed the stimulus but emphasized the need for specific headline figures. The lack of clarity has also impacted global markets, with oil prices falling over 2% and concerns about demand amid economic uncertainty. Despite the vague details, Chinese property stocks have seen a rise, with the Hang Seng Mainland Properties Index up 2.5% and the CSI 300 Real Estate Index up 3%. The proposed $333B stimulus is seen as relatively inconsequential for the $62 trillion real estate market. The broader market response remains mixed.



















#NewsAlert | Bank Of America October Fund Mgr Survey: Biggest jump in investor optimism since June 2020 on Fed cuts, China stimulus, soft landing @BofA_News https://t.co/joeuvNoP2G
📈🌍 Global investor optimism surges, driven by Fed cuts and China stimulus hopes: BofA survey Tickers of interest: $SPX $US10Y $DXY $FXI Full Story → https://t.co/OdOaRcLoP6 https://t.co/N99dlKjAHQ
⚠️ BOFA OCTOBER GLOBAL FUND MANAGER SURVEY: **BIGGEST JUMP IN INVESTOR OPTIMISM SINCE JUNE 2020 ON FED CUTS, CHINA STIMULUS, SOFT LANDING **CASH LEVEL FALLS TO 3.9% FROM 4.2%, FROTH ON THE RISE, BUT BOFA BULL & BEAR INDICATOR NOT YET THE BIG 'SELL SIGNAL' **BIGGEST JUMP IN…