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the major economic stimulus signals released by china are triggering a warm response in the global capital market.

as of press time, the shanghai composite index has been rising for seven consecutive days, regaining the 2700, 2800, 2900 and 3000 point levels in the past week.

driven by this, many asian stock indexes continued to rise in the late trading stage. the nikkei 225 index, which will unveil the new prime minister on friday, closed up 2.79% on thursday.the closing high since july this year。south korea's kospi index rose 2.9%, the technology-focused kosdaq index closed up 2.62%.

(nikkei 225 daily chart, source: tradingview)

hong kong stocks also rose sharply, with the hang seng index surging 4.12% in late trading and the hang seng tech index rising 7.17%.

although the australian stock market closed earlier,however, the australian dollar exchange rate also saw a rapid rise after 1 p.m. beijing time.。

(audusd minute chart, source: tradingview)

ig markets analyst hebe chen explained:asian markets are bathed in a sea of ​​optimism, thanks to china’s extraordinary, all-out determination, aimed at boosting economic momentum for the national day golden week and the end of the year. risk appetite in asia has generally strengthened after the federal reserve cut interest rates last week.

regarding the series of stimulus policies introduced by china this week,“personally, i would recommend adding positions, especially in large-cap stocks that track the index: internet companies, technology and insurance,” said wong kok hoong, head of institutional equity sales trading at maybank securities. “this rebound could be broad-based given the under-allocation to h/a shares.”

the sleeping wall street also feels the power from the eastas of 3:50 p.m. beijing time, nasdaq 100 futures (2412 contracts) rose 1.5%, and s&p 500 futures also rose nearly 0.8%. before the opening of the u.s. stock market today, the market will welcome the pre-recorded speech of federal reserve chairman powell.

in addition to powell, the inflation indicator that the fed pays the most attention to, the pce price index, will also be released in the next two days. after the fed cut interest rates by 50 basis points last week, the market now expects another 50 basis point cut in the november meeting, further opening the tap of global economic stimulus.

(source: cme "fed watch")

the european market, which had just opened, was also in a state of jubilation. the euro stoxx 50 index rose by nearly 1.5%, and the german dax index and the french cac40 index rose by more than 1%. lvmh, which has a close relationship with the chinese consumer market, jumped more than 4% at the opening, and porsche rose more than 2%.

(source: investing)