Breaking News: China Property Stocks Soar and Japan PPI Surges – Live Updates

On Mon, Nov 27 2023 at 12:26 AM EST, the Beijing Stock Exchange reminded major shareholders of listed companies not to reduce holdings due to fears of losing market excitement, according to Reuters. The Beijing Stock Exchange 50 Index has been on an uptrend, registering a one month gain of 44.72% and three month gain of 44.75%.

On Sun, Nov 26 2023 at 10:25 PM EST, Hong Kong-listed China property stocks slid after Beijing police announced an investigation into debt-laden Chinese shadow bank Zhongzhi Enterprise Group.

Sun, Nov 26 2023 at 8:57 PM EST saw China’s industrial profits decline at the slowest pace in nearly a year. The reading showed profits at industrial enterprises in China decreased 7.8% in the January-to-October period from a year earlier, the slowest pace since December 2022.

On Sun, Nov 26 2023 at 8:25 PM EST, Jun Ohta, group CEO of Sumitomo Mitsui Financial Group, passed away at the age of 65.

Japan’s services inflation rate hit a 45-month high in October, reported Sun, Nov 26 2023 at 7:32 PM EST.

Fri, Nov 24 2023 at 10:42 AM EST, the Dow is on track to post its longest weekly winning streak in about half a year, with support from a rally of more than 6% in Boeing.

On Fri, Nov 24 2023 at 10:14 AM EST, holiday shoppers propelled online spending to a record $5.6 billion on Thanksgiving, according to Adobe Analytics.

Bitcoin touched $38,001.71 around 6:45 a.m. Eastern time on Fri, Nov 24 2023, marking the first time since April 2022, according to Coin Metrics.

Individual investor bullishness about the outlook for stocks over the next six months climbed to 45.3% from 43.8%, the highest level of optimism since August 2, according to a survey from the American Association of Individual Investors.

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