(Bloomberg) — Stocks in Asia started the week broadly on a positive note after China’s latest measures to bolster its equity market injected optimism. Energy shares were boosted by higher oil prices.
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China’s securities regulator said on the weekend it will halt the lending of certain shares for short selling from Monday. The latest steps add to measures aimed at arresting a slide in the nation’s stocks which has seen the MSCI China Index tumble about 60% from a February 2021 peak.
“The very poor sentiment leading to this could potentially open the door for some technical rebound” in Chinese shares, said Homin Lee, a senior macro strategist at Lombard Odier, speaking on Bloomberg Television. “We’re slightly more cautious because what’s really needed is a change in the inflation outlook for the country and the overall sentiment in the private sector.”
Mainland China equities failed to match…
