China's domestic stock markets are dominated by individual, not professional, investors.VCG/Getty ImagesChina's stock markets slumped after a 10-day rally that was driven by Beijing's stimulus announcement in September.Investors were disappointed when a hyped-up Chinese government press briefing failed to deliver more stimulus.Retail investors dominate China's markets, influencing sentiment and market movements.China's top leadership has a problem with its economic stimulus: its own investors at home saw right through the hype this week.China's domestic stock markets slumped on Wednesday after a 10-day blitz culminated in a two-year high.The mainland's benchmark CSI 300 Index closed 7.1% lower, while leading indices in Shanghai and Shenzhen ended the day 6.6% and 8.7% lower.China's domestic stock markets are dominated by over 200 million mom-and-pop retail investors, who account for about 70% of the trading volume.
The Markets Saw Right Through China's Latest Economic Support Hype
htan@insider.com (Huileng Tan), Business Insider
Wed, 10/09/2024 - 1:49am
Topics: vcg/getty imageschina chinese shenzhen people's bank national day reform commission hong kong's hang seng index yeap jun rong varathan asia japan xinhua premier li qiang called hele qiao greater bofa global research november business insider china beijing september csi index hong kong markets economic support hype stimulus investors stock wrote top announcement domestic ended trading economy rally week dominated measures initial watchers press wednesday note slumped holidays country tuesday announced closed higher expectations public weeklong including head
BING NEWS:
- The markets saw right through China's latest economic support hype
China's investors are less optimistic than market watchers from elsewhere, who say they see Beijing's commitment to supporting the economy.
10/8/2024 - 9:49 pm | View Link - China Stocks Decline Amid Economic Recovery Disappointment, While Other Markets in Asia Rise
Shares in China have slumped as details of economic stimulus plans from officials in Beijing failed to meet investors' expectations, while other markets in Asia are higher
10/8/2024 - 6:26 pm | View Link - More
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