2023-09-04 15:39
Asian shares rise on Chinese stimulus but FX subdued in thin trade
MANILA Sept 4 : Most Asian stocks rose on Monday following stimulus measures from China to prop up its ailing economy and rising bets of a pause in U.S. interest rate hikes, even as currencies were muted in thin trading. Domestic sentiment received a boost in China on fresh stimulus measures, with the limelight on the property and real estate sectors, but analysts believe more should be done. Separately, a rise in the unemployment rate in the United States countered a pick up in jobs growth on Friday, signalling that the Fed may not raise rates at its September meeting.
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