23 Hrs
المشهد العربي
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المشهد العربي

2026-10-16T15:29:16.000Z

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Chinese stocks close stronger

Chinese stocks close stronger

Chinese stocks regained some of their losses at the end of the week after hitting their lowest levels in 14 months, due to several artificial intelligence companies announcing plans to buy back their shares. Additionally, investment concerns declined, along with signals of increased government intervention to support the markets. The CSI 300 index recorded its worst weekly performance since mid-July, while the US dollar remained stable at around six yuan. These gains come following statements from the governor of the Chinese central bank, emphasizing the government's commitment to opening markets and attracting foreign investors.

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