Asian stocks rise, China in the lead on new stimulus plans
Investing.com-- Most Asian stocks rose on Wednesday, tracking a positive overnight session on Wall Street, while Chinese stocks extended a recovery rally after the government announced plans for a massive bond issuance.But while broader Asian stocks advanced, they were still nursing steep losses for October, as risk sentiment remained frail after the onset of the Israel-Hamas war. Markets were also on edge over rising U.S.
Chinese stocks were also buoyed by a sovereign fund, Central Huijin, saying that it was buying local exchange-traded funds.
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