easyMarkets

China50 Finally Time to Buy?

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EASYMARKETS:CNXUSD   China 50 (CNX) / US Dollar
Major positive announcements from the CCP today say Chinese stocks soar and the big picture outlook improve dramatically.

Covid stimulus for those companies affected by the lockdowns, cheaper share trading fees, but the big one is the end of the clampdown on the Chinese Tech sector.

Alibaba and Tencent the two biggest tech companies soared and if the government war on Tech computers is over the the chance of a sustained recovery very good.

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