buy Chinese stocks 2023: Chinese stocks extended their rally from Monday as some investors found promise in Beijing’s latest actions aimed at revitalizing the markets. Despite lingering skepticism about their long-term effectiveness, the CSI 300 Index concluded Tuesday’s trading with a solid 1% gain.
This uptick follows a 1.2% increase in the preceding session, during which an initial exuberance of a 5.5% surge gradually mellowed as the day progressed. These fluctuations come in response to measures introduced by regulatory authorities over the weekend.
Notably, these measures encompassed the first reduction in stamp duty since 2008, along with restrictions on share sales by major stakeholders.
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