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المشهد العربي
Chinese stocks rise amid government support
Chinese stock markets rallied after government institutions intervened to support the exchange. Approximately 60 billion yuan (about 8.86 billion dollars) were injected to buy shares, helping the market recover from recent losses. The Shanghai Composite Index rose by 0.85% to close at 3,796 points, and the CSI 300 Index increased by 1.55% to 4,598 points. Meanwhile, the Hang Seng Index in Hong Kong jumped by 2.35% to 25,143 points, while the Shenzhen Composite declined by 1.35%. This comes amid the stability of the US dollar against the yuan at 6.7692, with the Chinese government reaffirming its support for market stability and directives from the head of the regulatory authority to boost investor confidence.
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