News Snapshot:
Despite an overnight plunge in U.S. markets on expectations of rapid U.S. interest rate hikes, Shanghai stocks closed at three-month highs on Tuesday, despite a drop in morning trade, as analysts expect China’s GDP to return with greater policy assistance. The blue-chip CSI300 index increased by 0.8 percent to 4,222.31 points, while the Shanghai Composite Index increased by 1% to 3,288.91 points after falling by as much as 1.8 percent. Goldman Sachs anticipated a 75-basis-point interest rate hike at the Federal Reserve’s policy meeting on Wednesday, marking a confirmed bear market milestone on Wall Street. “As we can see from...
