Chinese stock markets have shown significant positive movement upon reopening after a holiday, supported by Beijing's favorable policy measures. The Shanghai Composite Index ($SHCOMP) rose over 1%, with Shenzhen and the CSI 300 Index seeing increases of 2% and 1.6% respectively. Notably, 88.6% of mainland stocks advanced. The Hang Seng Index ($HSI) increased by 0.1%, and the Tech Index by 0.5%. Specific stocks like $LI Auto and Tencent also saw rises of 7.5% and 1.1% respectively. This rally aligns with a broader Asian market upturn, influenced by expectations of a U.S. Federal Reserve rate cut following encouraging U.S. jobs data.
CHINESE SHARES RISE IN CATCHUP TO GLOBAL RALLY - ASIA MARKET WRAP https://t.co/5aSupgZofP
Stock Market Opening Today: Gap-up Opening at D-Street! Sensex Up Over 300 Points, Nifty Trades Above 22,550 https://t.co/gWmnzuNCHY
Asian markets build on rally as US jobs data boost rate cut hopes https://t.co/cOBG68ZjS3
⚠️ ASIA SHARES RALLY ON FED CUT BETS; YEN PARES GAINS Full Story → https://t.co/0xF74LhImf https://t.co/ngM33Hkycy
⚡China's benchmark $SHCOMP rises over 1% on the first trading day after the holiday. Shenzhen rises 2%, and the blue-chip CSI 300 Index is up 1.6%. *88.6% of the mainland stocks are up. $HSI +0.1%, Tech Index +0.5%, $LI Auto +7.5%, #Tencent +1.1%. $KWEB $FXI $HXC https://t.co/eH6Nsqw3VH
China has shown some major technical improvement according to @RenMacLLC. Then add to that the Barron's Big Money poll that came out this weekend. China is an area that no one wants to own and they don't think it'll do anything going forward. Contrarian?👀 https://t.co/AIVo0zTruH https://t.co/H3OMGF7PQr
Chinese markets look poised for a positive open when traders return from a holiday, with Beijing’s supportive policy stance adding impetus to a budding bullish momentum https://t.co/T6kt0897iI
Stocks Poised to Open Higher https://t.co/PUEChdJA5N
Sentiment is shifting on China -index is going up --after a failed breakdown/capitulation -comes from previous mass-doubt --overwhelming negative consensus -macro playing ball --stimulus measures picking up -(set against backdrop of cheap valuations) https://t.co/MNdjfJAYu4
#China it's had been impossible to be bearish. $HSI bullish accumulation since Feb, I talked the increasing stimulus - this market can be counted on. Also made the point its impact won't be as #inflationary as feared. $BABA #copper etc https://t.co/yc1j5eBovL