Chinese stocks post biggest gain in month on fiscal stimulus to shore up growth

//Chinese stocks post biggest gain in month on fiscal stimulus to shore up growth

Chinese stocks post biggest gain in month on fiscal stimulus to shore up growth

China’s stocks climbed the most in a month on signs policymakers were ramping up fiscal tools to hold in check a decline in growth just before the release of key economic data.The Shanghai Composite Index rallied 2.6 per cent, or 73.59 points, to 2,925.72 on Tuesday, its biggest gain since May 10. Hong Kong’s Hang Seng Index rose 0.8 per cent to 27,789.34.Signs have been mounting that Beijing has been stepping up efforts to arrest a deceleration in economic growth. The finance ministry said on…

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By | 2019-06-11T09:12:19+00:00 June 11th, 2019|Business|Comments Off on Chinese stocks post biggest gain in month on fiscal stimulus to shore up growth