Chinese Stocks Jump As Central Bank Unveils Major Stimulus To Spur Economy

Benzinga
Benzinga
  • 14 hours ago
Chinese stocks soared on Tuesday following an unexpected and substantial monetary stimulus from the People’s Bank of China (PBoC).

The central bank announced cuts to the reserve requirement ratio (RRR) for banks and the seven-day repo rate, just a day after lowering the 14-day reverse repo rate.

Category

🗞
News

Recommended

0:47
I
Up next
What's Going On With Alibaba Stock On Thursday, Why Is It Trading Down?
Benzinga
0:55
China Market Collapse Resumes As Government Fails To Put Brakes On Stock Dump
Benzinga
0:39
Boeing Union Rejects 'Best and Final' Pay Offer of 30% Wage Increase Amid Ongoing Strike.
Benzinga
0:41
Motel 6 Acquired by Indian-based Travel Company Oyo  in All-Cash Deal
Benzinga
0:48
U.S. Proposes Ban on Chinese Automotive Software to Protect National Security, Making Prospects of a Chinese EV  in the US Unlikely
Benzinga
0:31
China Cuts Interest Rates, Injects Over $100 Billion In a bid to Boost Growth. CSI Index 300 Rises Over 4%
Benzinga
0:31
US Government Prepares To Resume Shipping Free COVID-19 Tests In September
Benzinga
0:33
What's Going On With Alibaba Stock On Wednesday?
Benzinga
3:04
How End Of Month Buy And Sell Imbalances Effected Stock Movements
Benzinga
5:15
Will The Fed Raise Rates? Traders And Investors Look Ahead To The Federal Reserve’s Interest Rate Decision Due On Wednesday
Benzinga
1:45
Are Housing Stocks Pointing Towards A Recession? - $TOL
Benzinga
4:01
Is Japan The Right Country To Invest In Right Now? - Jeremy Schwartz, Global Chief Investment Officer @WisdomTreeFunds
Benzinga
1:10
Will Jerome Powell Spoil Wall Street's Party? US Stock Futures Slip As Fed Chief Maintains Hawkish Tone Ahead Of More Earnings
Benzinga
1:31
Why Is The Fed Still So Aggressive? - Jeremy Schwartz, Chief Investment Officer at WisdomTree
Benzinga
3:00
'Big Short' Investor Michael Burry Isn't Shorting Bank Stocks, He's Buying Them By The Heap - Scion Capital 13F
Benzinga
1:24
Is there any way that the US government defaults on their debt? - $SPY $QQQ
Benzinga
2:09
2 Retail Stocks To Keep On Your Radar With Retail Expert, Ryan Craver, Founder & CEO, Commerce Canal
Benzinga
0:32
Stock Market Turmoil as Chipmakers Face Export Restrictions and Tech Outage Wrecks Havoc
Benzinga
0:45
Bank Of America Stock Is Up Over 21% For The Year: High Interest Rates Fuel Bullish Outlook, What Investors Need To Know
Benzinga
0:40
Robinhood Suspends 24-Hour Trading On Monday Amid Third-Party Issues
Benzinga
2:19
The issues with trading halts on regional bank stocks - Jonathan Corpina, SMP, Meridian Equity Partners
Benzinga
0:45
NIO +4% On Tuesday - What's Going On?
Benzinga
5:17
Housing stocks Not As Quiet As People Think - $TPH $BZH $PHM
Benzinga
5:13
Is This A Buy The Dip Opportunity In The Stock Market?
Benzinga
1:59
Are we in an earnings recession? - Marc Chaikin, Founder of Chaikin Analytics
Benzinga