
U.S. President Donald Trump has reiterated his consideration of imposing a 10% tariff on Chinese goods, leading to a decline in Chinese stock markets. Following Trump's comments, Chinese shares fell sharply, with the Hang Seng Index dropping 1.8%, the Hang Seng China Enterprises Index down 2.1%, and the CSI 300 Index decreasing by 1.1%. These developments have intensified trade tensions between the U.S. and China, prompting the Chinese government to implement measures aimed at stabilizing its stock markets. These measures include directing pension funds and insurers to invest more in domestic equities. Despite these efforts, the impact of Trump's tariff threats continues to weigh heavily on market sentiment, halting a four-day rally in Chinese stocks.
Chinese regulators are doing their best to prop up equity markets. Today they did a few things: -directed pensions and insurers to buy equities (Japan did this already - GPIF) -directed listed companies to increase stock buybacks -encouraged financial firms to sell more…
China’s Latest Bid to Boost Stocks Barely Moves the Needle—A sluggish economy and Trump’s tariff threats prompt Beijing to tell big investor to buy more stocks @RebeccaYFeng @Tracyyyqu https://t.co/ZL9RMgN4nv https://t.co/ZL9RMgN4nv
China prods insurers to invest billions in latest move to support markets - Reuters https://t.co/qpWMbeKUID