Coronavirus outbreak aside, China stocks just hit two-year highs

Chinese stocks hit a two-year high Thursday, as new coronavirus cases fall inside the country and rise elsewhere around the world.

What has been a bullish week in China comes amid volatility on U.S. markets, which have seen wild swings as investors juggle effects of the Democratic primary, increases in U.S. coronavirus cases, and an emergency rate cut from the Federal Reserve. Analysts told MarketWatch that U.S. equities would likely continue to experience a higher-than-normal period of volatility.

Shares in several big Chinese financial firms are driving the gains. The country’s largest insurer, Ping An Insurance 601318, +2.32%, is up nearly 6% since Monday, as are China Merchants 600036, +4.16% and Industrial Bank 601166, +3.27% , which all trade in Shanghai. In Hong Kong, the Hang Seng Index HSI, +2.08% saw its biggest one-day jump in a month, with shares of tech companies leading the rise. AAC Technologies AACAY, +2.60% 2018, +5.04% , which supplies parts to Apple AAPL, -1.49%, saw the biggest daily gain, at 5%. China’s two tech giants, Tencent TCEHY, +1.26% 700, +3.09% and Alibaba BABA, +1.12% 9988, +2.47%, both saw big increases on the day.

Because the Goverment says it is

The markets are full of crazy creatures!

LOL- it would be hysterically funny if it wasn't for the severity of this killer virus. The BS is of epic proportions, and the childish efforts to normalise things, just looks ridiculous

Well, if everyone dies your overhead really goes down...

When all your government does is buy stocks and mask the truth on any real type of actually GDP s it makes its impossible for any sane person to actually believe any data coming out of the country. If it helps them sleep better at night well than good for them.

I guess

((rational markets))

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As coronavirus cripples global supply lines, more U.S. firms looking to leave ChinaThe coronavirus, in disrupting the global economy, is highlighting the downside of U.S. reliance on a supply chain — with China playing a central role. Trump is going to say, “I brought back American jobs from China”. Look the latimes said so. I totally agree with you they are running out of Lysol This is what happens when you invest in a Communist dictatorship that isn't shy about running its own people over with tanks and throwing minorities into re-education camps. Maybe this will be the wakeup call people need in order to realize that China is bad news.
Source: latimes - 🏆 11. / 82 Read more »