Asian shares were mixed on Thursday after China rolled out more moves to try to boost its lagging stock markets by raising confidence that prices will rise. Officials in Beijing said pension funds and mutual funds would be required to increase purchases of shares,
Global markets showed mixed results, with Chinese shares rising following a pledge to support markets. Gains in oil and gas offset Big Tech losses. Japan's Nikkei fell, while European indices saw modest gains.
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BANGKOK (AP) — World shares were mixed on Thursday after China rolled out more moves to try to boost its lagging stock markets by raising confidence that prices will rise. Germany's DAX gained 0.2% to 21,300 and the CAC 40 in Paris edged 0.1% higher to 7,847.38. Britain's FTSE 100 slipped less than 0.1% to 8,539.88.
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Equity benchmarks rose in Tokyo ahead of a key interest rate decision by the Bank of Japan later Friday, where a hike is expected. Stocks also rose in Sydney and Seoul.
U.S. stocks are drifting near a record as Wall Street’s recent rally loses some momentum. The S&P 500 slipped 0.1% in early trading Thursday, a day after after pulling to
Wall Street was mixed in premarket trading on Thursday as major U.S. airlines stumbled and health insurance companies soared. Futures for the S&P 500 lost 0.1% before the opening bell,
Asian stock markets were choppy on Thursday as traders in Tokyo embraced the global AI story, but Hong Kong investors were underwhelmed by Beijing's latest plan to force-feed higher values on China stock exchanges.
Japan's finance ministry plans to plug a loophole in reporting requirements for foreign investors under the Foreign Exchange and Foreign Trade Act, in an effort to prevent intelligence from leaking to foreign governments.
China is guiding local mutual funds and insurers to boost their stock purchases in the government’s latest initiative to shore up its ailing equity market as it confronts the threat of higher tariffs.
With $1 billion in U.S.-focused deal flow on the horizon, Chintai (CHEX) is capitalizing on shifting regulations to expand its RWA platform and redefine blockchain finance.