Chinese shares sank more than 3 percent on Tuesday, as Beijing scrambled once again to stabilise a stock market whose wild gyrations have heightened fears about the financial stability of the world's second biggest economy.
After a plunge of more than 8 percent in major indexes on Monday, Chinese regulators said they were prepared to buy shares to stabilise the stock market, while the central bank injected cash into money markets and hinted at further monetary easing.
Despite that, the CSI300 index <.CSI300> of the largest listed companies in Shanghai and Shenzhen fell 3.1 percent in early trade on Tuesday, while the Shanghai Composite Index <.SSEC> lost 3.4 percent.
Click Here For Free Signals OR Give A Missed Call : +60350219047 Follow Us On Twitter : www.twitter.com/epicresearchmy Like Us On Facebook : www.facebook.com/EpicResearchMalaysia Need Any Assistance About KLSE online Feel Free To Mail Us at : info@epicresearch.my
After a plunge of more than 8 percent in major indexes on Monday, Chinese regulators said they were prepared to buy shares to stabilise the stock market, while the central bank injected cash into money markets and hinted at further monetary easing.
Despite that, the CSI300 index <.CSI300> of the largest listed companies in Shanghai and Shenzhen fell 3.1 percent in early trade on Tuesday, while the Shanghai Composite Index <.SSEC> lost 3.4 percent.
Click Here For Free Signals OR Give A Missed Call : +60350219047 Follow Us On Twitter : www.twitter.com/epicresearchmy Like Us On Facebook : www.facebook.com/EpicResearchMalaysia Need Any Assistance About KLSE online Feel Free To Mail Us at : info@epicresearch.my
No comments:
Post a Comment