14 Oct 2024
Asian stocks swung between gain and loss on Monday as investors struggled to reach a consensus view on China’s broad economic stimulus promises made over the weekend which were light on specifics. Minister of Finance Lan Foan at a closely watched news conference on Saturday pledged to “significantly increase” debt, but left investors guessing on the overall size of the stimulus, a detail needed to gauge the longevity of a stock market rally.
CROSBY Research – Crosby Bi-noculars (Bi-weekly Issue 68)