Tax Cuts: Years Shanghai and Stock Markets

tax cuts: Promises of tax cuts and coordinated official statements of support for stock markets in the world's second-largest economy saw Chinese shares stage their biggest one-day surge in three years, according to Nine News Australia. Shanghai blue chips jumped around 4.3 per cent, adding to Friday's bounce on Beijing's pledge of support for the economy and companies. To improve your experience update it here News World China stimulus hopes buoy global stocks10 55pm Oct 22, shares have crept higher on relief over Italy's budget, tracking rallies in Asia markets after China promised to provide stimulus to stabilise its economy and offset the impact of US tariffs. Japan's Nikkei rose 0.4 per cent. The decision fuelled a rally in Italian government bonds and boosted shares in the country's banks. Markets elsewhere in Asia also enjoyed healthy gains. . European stocks climbed 0.2 per cent after Moody's kept Italy's sovereign rating stable on Friday instead of cutting it to negative. (news.financializer.com). As reported in the news.