HK puked today, down 2000pts

[k1976]

Wall Street set new records amid ‘buy-the-dip’ rally as China stocks sink

Both the Dow and S&P 500 rocketed to fresh records behind gains in technology shares such as Apple and Amazon, both of which piled on more than 1 per cent. — AFP pic
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Thursday, 10 Oct 2024 9:56 AM MYT
NEW YORK, Oct 10 — Wall Street indices powered to fresh records yesterday despite an impending major hurricane to Florida, while Chinese stocks tumbled on disappointment over a lack of fresh stimulus.



Both the Dow and S&P 500 rocketed to fresh records behind gains in technology shares such as Apple and Amazon, both of which piled on more than 1 per cent. Analysts characterised the move as a "buy-the-dip” bounce after weakness in recent sessions.

 

[k1976]

Weak Hands shake out....now Wall Street Pro will show the world their famous MeltUp Rally

 

[Narong Wongwan]

HSI rebound today

 

[k1976]

October 10, 2024 at 9:46 AM GMT+8
Updated on
October 10, 2024 at 11:18 AM GMT+8
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Chinese stocks turned volatile in Thursday’s morning session as traders awaited the outcome of the government’s planned briefing on fiscal policy due Saturday.
The CSI 300 Index was up 2.8% as of 11:12 a.m. local time, after gyrating between gains and losses earlier. The benchmark plunged 7.1% in the prior session in its worst day since 2020. An index of Chinese stocks listed in Hong Kong gained more than 4% before a holiday in the city on Friday.

 

[k1976]

HSI rebound today

Yeah....70b swap line officially launching

Ooen door to Wall Street funds

Great Demi God Game begins liao
Tiingkok National Team vs Wall Street Pro

 

[laksaboy]

 

[k1976]

​

Glass is again , half full or half fill?​

Lai Lai Lai . 买定离手

PBOC Starts $71 Billion Liquidity Tool for China Stock Investors​

• Large investors can use funds from facility to buy shares
• Measure first announced last month as part of stimulus bonanza

By Bloomberg News
October 10, 2024 at 9:21 AM GMT+8
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China’s central bank has set up a swap facility to provide liquidity to institutional investors to buy stocks, part of a broad stimulus package announced earlier that ignited a rally in stocks.

The People’s Bank of China will accept applications from eligible securities firms, funds and insurers starting Thursday to obtain highly liquid assets such as government bonds and central bank bills if they provide certain collaterals, according to the bank’s statement. The size of the tool is 500 billion yuan ($70.6 billion) and can be expanded in the future, the monetary authority said.

 

[k1976]

Markets

China Steps Up Checks of Wealth Management Products After $149 Billion Outflow​

• Investors yanked $149 billion from WMPs after stock rally
• Banks told to report on ability to meet short-term redemptions

Pedestrians along the Bund across from commercial buildings in Pudong's Lujiazui Financial District in Shanghai.
Photographer: Qilai Shen/Bloomberg
By Bloomberg News
October 10, 2024 at 2:30 PM GMT+8
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China has asked its financial institutions to beef up monitoring of the nation’s wealth management products, people familiar with the matter said, after investors pulled some $149 billion to chase a rally in stocks.
Regulators recently ordered lenders, fund houses and fund distributors to monitor changes in the scale of WMPs on a daily basis, according to the people, asking not to be identified discussing a private matter.

 

[JurongEast]

New rule: can buy but cannot sell