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المشهد العربي
China unveils major stock support package
Chinese authorities carried out the largest financial intervention campaign to support the stock market, aiming to restore confidence and contain the wave of sell-offs in tech stocks. The "China AMC Star 50 ETF" recorded a record cash inflow of 13.8 billion yuan (around 2 billion dollars), likely from state-backed funding entities, to halt the selling spree that caused the "Star 50" index to fall 17% last week. These measures helped the index rise by 11% in a single session, the largest daily gain in two years, reflecting the government's efforts to stabilize the market after severe turbulence.
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