Shares of Chinese property developer Sunac (01918) surged by 17.33% on October 10, leading gains among Hong Kong-listed stocks as the broader market rallied on the back of government stimulus measures aimed at shoring up equities.
The sharp rise in Sunac's stock price was fueled by news that China's central bank is introducing a 500-billion-yuan ($70 billion) swap facility to provide liquidity to securities, fund, and insurance firms for stock purchases. This move is part of a broader stimulus package unveiled earlier by Beijing to support the struggling economy and reignite investor confidence.
The market is hopeful that further fiscal measures will be announced at a government briefing on Saturday, potentially including additional bond issuance to fund fiscal spending. However, some analysts warn that the package could fall short of market expectations, leading to volatility as investors await clarity on Beijing's commitment to reviving economic growth.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。