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Podcast: The Afternoon Update with Lynlee Foo
Episode: Market View: China stocks soar in record turnover but is the party likely to continue?
Description: Chinese stocks rallied for a ninth straight day in one of most remarkable turnarounds in history after the central bank unveiled its biggest stimulus since the Covid 19 pandemic. On Monday (Sep 30), China's CSI300 Index surged more than 8%, extending last week's 16% jump. Shanghai stocks shot up more than 7% while Shenzhen shares soared more than 10%, with combined turnover of 2.6 trillion yuan exceeding the bull run a decade ago. While investors are celebrating, economists say the jury is still out on China's economy. On Market View, Gary Ng, Senior Economist at Natixis, weighs in on the country's bold st...