Singapore Exchange (SGX)-listed Chinese companies have seen a sharp rally in recent days, with share prices surging to their highest level in years following Beijing's unexpectedly large stimulus package.
Singapore Exchange quoted Yanlord Land ’s stock price has surged 57 per cent over the past week, while solar energy player Sunpower Group is up 38 per cent. - BT FILE
This came after China last week unveiled a stimulus package to counter a multi-year slowdown in growth due to its ailing property sector, weak exports and sluggish domestic demand. “Right now, we think the market is also participating in the potential upside from stimulus through Singapore, given China is closed for Golden Week,” he pointed out.
While the immediate impact on markets is obvious, analysts are also watching to see how effective the stimulus measures will be over time.
Finance CHINA STIMULUS SINGAPORE STOCK MARKET YANLORD LAND SUNPOWER GROUP CHINESE COMPANIES
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
China's stimulus-led stock rally pulls Asia and Europe higher; oil fallsTourist arrivals via Penang International Airport involved more than 40 countries last year, with the highest from Indonesia.
Read more »
Singapore sends 51-year-old Chinese fraudster to jail over multi-million dollar crypto Ponzi schemeSINGAPORE, Sept 11 — Chen Wei duped investors into handing over nearly S$1.8 million (RM5.98 million) with false claims that the firm he worked for was mining cryptocurrency in...
Read more »
Malaysia's ringgit at near 3-year high after China stimulusKUALA LUMPUR: A 49-year-old man lost over RM20,000 to a sperm “lending” scam after being lured by an online advertisement offering payment to sperm donors.
Read more »
Asia stocks scale 2-1/2-year peak on China's expansive stimulus measuresPenang’s lesser known Pulau Tikus in the north promises an exhilarating adventure for paddlers.
Read more »
Ringgit jumps to 34-month high vs US dollar after China unveils stimulus measuresMADRID (Reuters) -Real Madrid survived a late scare as goals by Lucas Vazquez, Kylian Mbappe and Rodrygo gave them a 3-2 home win over Deportivo Alaves in LaLiga on Tuesday.
Read more »
Bursa Malaysia picks up bullish momentum on China stimulusBEIJING (SCMP): A teenage boy in eastern China was caught on video assaulting his mother, shocking the five million viewers who have watched the footage.
Read more »