Real Estate

Chinese stocks rose as Beijing vows measures to boost weak economy


Tourists at the Bund on July 11, 2023 in Shanghai, China.

Vcg | Visual China Group | Getty Images

Chinese stocks soared Tuesday as Beijing pledged to ramp up measures to bolster China’s sputtering economy.

Hong Kong’s Hang Seng Index surged more than 3%, China’s tech-heavy ChiNext rose 1.8% and the Shanghai Composite Index increased 1.81% on Tuesday morning in Asia.

related investing news

China's earnings season is just getting started. Here are some winners to watch


Chinese property developers Country Garden and Longfor soared 14.3% and 20.7% respectively. Sunac rose 12.5%, China Vanke was up 11.02% and China Overseas Land and Investment grew 11.39%.

A day earlier, Chinese real estate stocks tumbled on renewed debt fears. The Chinese government cracked down on the…


0 0 votes
Article Rating

China announces more measures to bolster its stalling economy

Previous article

General Motors (GM) earnings Q2 2023

Next article

You may also like

Notify of
Inline Feedbacks
View all comments

More in Real Estate