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China Ramps Up Support for Stock Market

China Ramps Up Support for Stock Market

Update: 2025-01-23

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Plus: Nvidia supplier SK Hynix posts bumper earnings thanks to the AI boom. And, economists expect higher U.S. inflation and economic growth than they did a few months ago, a WSJ survey shows. Luke Vargas hosts.

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Transcript

00:00:00

My dad works in B2B marketing.

00:00:02

He came by my school for career day and said he was a big row as man.

00:00:06

Then he told everyone how much he loved calculating his return on ad spend.

00:00:11

My friend still laughing me to this day.

00:00:14

Not everyone gets B2B, but with LinkedIn, you'll be able to reach people who do.

00:00:18

Get a hundred dollar credit on your next ad campaign.

00:00:21

Go to LinkedIn.com/results to claim your credit.

00:00:24

That's LinkedIn.com/results.

00:00:26

Terms and conditions apply.

00:00:28

LinkedIn, the place to be to be.

00:00:29

Here is your morning brief for Thursday, January 23rd.

00:00:37

I'm Luke Vargas for the Wall Street Journal.

00:00:39

China is ramping up efforts to prop up its stock markets by encouraging state-owned insurers and mutual funds to buy Chinese equities.

00:00:49

Officials expect nearly $14 billion to pour into stocks in the first half of the year, though analysts say that Beijing's moves to revive investor confidence are still falling short.

00:01:01

Menschmark indexes in mainland China ended the day slightly higher.

00:01:07

In video supplier SK Heinex has posted stronger than expected quarterly earnings thanks to continued strong demand for high-end memory chips that help power AI.

00:01:17

Its dominance of that market has pushed its share price almost 60% higher over the past 12 months, though the stock slipped around 3% today in Seoul.

00:01:28

And US inflation is set to rise over the coming year along with US economic growth, according to the journal's latest survey of economists carried out earlier this month.

00:01:39

It suggests that President Trump's tariffs could pass along higher costs to consumers, leading to projected inflation of 2.7% over the coming 12 months compared with previous forecasts of 2.3%,

00:01:52

even as the broader economy gathers momentum thanks to strong consumer spending.

00:01:58

Asian stocks have, and at the day mixed, European stocks are a little changed in mid-day trading, and in the US stock futures are flat, ahead of earnings from the likes of GE Aerospace,

00:02:10

American Airlines, and Texas Instruments.

00:02:13

And we've got a lot more coverage of the day's news on the WSJ's What's News podcast.

00:02:17

You can add it to your playlist on your smart speaker or list and subscribe wherever you get your podcasts.

00:02:23

China Ramps Up Support for Stock Market

China Ramps Up Support for Stock Market

The Wall Street Journal

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