On October 8, 2024, investors were eagerly awaiting another bold fiscal stimulus announcement from China’s National Development and Reform Commission (NDRC), following the “bazooka” monetary policy unveiled on September 24. However, what was announced fell flat, leaving markets underwhelmed. Rather than the expected sweeping fiscal measures, the NDRC’s press conference delivered vague policies with little … Read more
The post Hong Kong Stocks Drop 9% After Disappointing Fiscal Policy, Is the Rally Over? first appeared on Dr Wealth.