Post Close Stimulus As Country Garden Follows Sunac To Restructuring

Key News

Asian equities had a positive day as Malaysia outperformed, Mainland China and South Korea underperformed, and Taiwan has closed again for Double Ten day.

After the Asia close, Bloomberg reported that the Chinese government will spend $137B on infrastructure, pushing the budget deficit above the 3% level. The source for the story was “people familiar with the matter,” though I have not seen this reported in Mainland China thus far.