look news india
Mumbai: China's stock market on Monday witnessed the biggest one-day rise after a period of 16 years. China's stock market has been rising rapidly for the past nine sessions, which suggests that the recent stimulus provided by the Chinese government is now working.
China's CSI 300 index rose as much as 8.50 percent on Monday, its biggest one-day gain since 2008. Investors bought heavily in the last session before the one-week holiday in China. This index of China has fallen by 45 percent since the peak of 2021.
China's relaxation of home buying rules and lowering of mortgage rates has had an impact on the stock market. In China, which has been suffering from recession for a long time, the government has announced several incentives to improve the economy. Pan Gongsheng, governor of the People's Bank of China, announced the reduction in the reserve requirement ratio and the key interest rate while addressing a press conference last week.
Since the economy is not seeing the necessary improvement after Corona, various incentives have been announced by China for some time now, China is currently facing a crisis in the property sector and a high rate of unemployment, People's Bank of China The 14-day reverse repurchase rate was also reduced to 1.85 per cent from 1.95 per cent.
The .68 was discontinued. While the Nikkei 225 index of Japan's Tokyo Stock Market fell by 1910.01 points to 37919.55. A decline was seen in the markets of European countries in the evening. The London Stock Market's FUTSE was down 57 points, Germany's DAX was down 155 points and France's CAKE 40 index was down 136 points.