Chinese stocks jump as UBS sees big fund inflows amid state support measures
The Hang Seng Index advanced 1 per cent to 20,258.80 at 10.10am local time, adding to a 0.8 per cent gain so far this year, while the Tech Index added 1.5 per cent. The Shanghai Composite Index climbed 0.5 per cent. The local market had a winning January every year since 2021, except for a 9.2 per cent slump last year.
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US President Donald Trump softens tone on possible China tariffs
US President Donald Trump softens tone on possible China tariffs
The China Securities Regulatory Commission unveiled on Sunday additional measures to scale up and promote index-linked investment products. This followed last week’s big move to direct local funds to boost their allocations to shore up the stock market and counter the impact of US policy attacks.
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