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China's stimulus plans are complicated and continue to draw a good deal of scepticism. But as Vincent Deluard of StoneX points out in a recent note, given how inexpensive share prices look, it won't take much to keep the rally going. https://t.co/4XpB0S8ny9
Breakingviews - China pins stimulus on money merry-go-round https://t.co/gugT16nntM https://t.co/gugT16nntM
Some analysts believe that #China’s current market rally not just short-term rebound, but a shift in trend; Hang Seng Index could jump above 33,000 to hit new record high https://t.co/KqvCzpQMxr
China's stock market is experiencing a rally driven by optimism regarding government intervention to address weak demand and deflation risks. Analysts suggest that the Hang Seng Index could rise above 33,000, potentially reaching a new record high. This surge is attributed to the belief that Beijing is prepared to implement effective policies to stimulate the economy. However, the sustainability of this rally remains uncertain, as it hinges on the specific measures that will be introduced. Despite skepticism surrounding China's stimulus plans, experts note that the current low share prices could support continued upward momentum in the market.