China stocks open higher but clock ticks on rumored 2 trillion yuan rescue package

<p>The CSI300 is up 1.3% early trading today with the help of comments from the sovereign wealth fund and the regulator. </p><p>Chinese stocks are in an interesting spot because of week-long holidays that will start on Friday. That may ramp up the pressure to act sooner.</p><p>Bloomberg kicked off speculation about a rescue on Jan 22, <a href="https://www.bloomberg.com/news/articles/2024-01-23/china-mulls-stock-market-rescue-package-backed-by-278-billion" target="_blank" rel="nofollow">saying </a>officials were considering a 2 trillion yuan rescue. Since then though, it's been quiet.</p><p>Then again, from a policymaker perspective you could argue that announcing something over the break, or at the end of the break would be a good time for a reset. Whatever comes next, the stakes are higher right now and there's global focus on Chinese stocks that I haven't seen in awhile.</p>

This article was written by Adam Button at www.forexlive.com.