Similar Stories to Asia Markets: China Stocks Plunge 6.5% After Sovereign Fund Cuts Stakes In Banks on Bing News

Chinese stocks fall the most in four months on Thursday, as a selloff swept the financial sector after a unit of China’s sovereign-wealth fund cut its stakes in state-owned banks for the first time.

Topics:  china s   stocks   sovereign   fund   stakes   banks   
BING NEWS:
  • China Hints at Rate Cuts, Property-Market Support as it Warns of Rising Uncertainties
    At a Tuesday meeting, senior party leaders warned of “significantly rising external uncertainties” as the 24-member Politburo agreed to assemble the party’s governing Central Committee in Beijing for ...
    04/30/2024 - 12:06 am | View Link
  • China’s Sovereign Fund Ramped Up ETF Purchases to Lift Stocks
    China’s sovereign wealth fund likely bought at least $43 billion of onshore exchange-traded funds in the first quarter, Bloomberg’s analysis shows, shedding light on the extent of state rescue to stem ...
    04/22/2024 - 8:57 pm | View Link
  • China state fund pours $41 billion into stock market in Q1, reports show
    Chinese state fund Central Huijin Investment bought blue-chips worth at least $41 billion in the first quarter in a bid to shore up the sliding stock market, funds' latest quarterly reports show. The ...
    04/21/2024 - 9:28 pm | View Link
  • China state fund pours $41 bln into stock market in Q1, reports show
    Chinese state fund Central Huijin Investment bought blue-chips worth at least $41 billion in the first quarter in a bid to shore up the sliding stock market, funds' latest quarterly reports show.
    04/21/2024 - 7:30 pm | View Link
  • Asia stocks sink on reports of Middle East attacks; Singapore market down 0.6%
    Markets in the region later pared their losses ... officials to signal no rush to lower interest rates. Chip sector stocks were hit particularly hard by both the outlook for protracted tight ...
    04/19/2024 - 5:17 am | View Link
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