Asian markets track Wall St record as Hong Kong, Shanghai stabilise - Tellbrief.com

Asian markets track Wall St record as Hong Kong, Shanghai stabilise

Mainland and Hong Kong markets advanced after China's central bank released details of a facility allowing stock-buyers to access liquidity. Photo: STRINGER / AFPSource: AFPAsian markets tracked a record day on Wall Street Thursday, with Shanghai and Hong Kong supported by a Chinese central bank move to boost liquidity for major stock-buyers.

Chinese investors were settling down after a volatile start to the week that saw mainland and Hong Kong markets whipsaw as the euphoria over last month's stimulus was dampened by a news conference that failed to unveil more measures or give details on those already announced. Hong Kong was up more than two percent, building on the previous day's advance that followed a more than nine percent plunge, its heftiest in 16 years.

Focus now turns to the release of consumer price inflation later in the day and wholesale prices on Friday...

Continue reading ...
News articles remains the property of the source. Tellbrief is a news aggregator.
Related Business News

Similar Headlines

More News
Home Business News Tech