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Market move● Neutral for Indian equities
Global Market: Chinese stocks struggle near one-year lows as policy support disappoints
The brief
- Chinese blue-chip stocks stayed near one-year lows despite Beijing’s latest support measures
- The measures included credit, mortgage and investment support
- China services growth hits three-month high, private PMI shows
- China factory activity returns to growth in September
- China expects strongest super El Nino event on record this year
- China unveils rate cut, mortgage subsidies to spur growth
- China expects trade to grow despite external challenges