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Chinese Stocks Plummet Amid Stimulus Concerns

  Chinese stocks experienced a significant downturn today, with the Shanghai Composite Index plummeting by 6.6%. This sharp decline comes as investors express growing anxiety over the lack of substantial economic stimulus from Beijing. The market’s reaction follows recent rallies driven by hopes for major economic interventions. However, the latest announcements from Chinese officials have failed to meet these expectations, leading to widespread sell-offs. The CSI300 Index, which tracks the top 300 stocks in the Shanghai and Shenzhen markets, also saw a substantial drop of 5.6%. Hong Kong’s Hang Seng Index was not spared, falling by 1.5% as investors moved to lock in profits after recent gains. The lack of new, impactful fiscal policies has left many market participants disappointed, contributing to the overall negative sentiment. Analysts suggest that the market’s response is a clear signal of diminishing confidence in half-hearted promises and a demand for more decisive economic meas

Your daily horoscope: July 19, 2024

 

HOROSCOPES IF TODAY IS YOUR BIRTHDAY

You may have all the talent in the world but unless you can harness it to vision and effort you are unlikely to fulfil your potential. Make this the year when you finally get serious about making your mark on the world – and make sure it’s a positive one!

ARIES (March 21 - April 20):

Mars, your ruling planet, is about to move into the most eloquent area of your chart, so don’t be afraid to speak up and let others know your opinions. Even if they disagree with you they will be impressed by the confident way you present your arguments.

TAURUS (April 21 - May 21):

There are some powerful emotions doing the rounds at the moment, so be on your guard and try not to get caught up in the inevitable chaos. No matter how excited friends and loved ones may be you must stay calm and stick to the facts.

GEMINI (May 22 - June 21):

The next few days will be some of the best of the year for starting new projects and if you make the right moves you will enjoy the kind of success you hardly dared dream of earlier in the year. Put aside your doubts and go for it.

CANCER (June 22 - July 23):

You may prefer to stay out of the limelight but the current cosmic picture means you are unlikely to get much choice in the matter – the world wants to know your name and what you are up to. Put on a show for your adoring public.

LEO (July 24 - Aug. 23):

The more of an effort you make to communicate with people whose ideas and beliefs reflect your own the more you will enjoy yourself today and over the weekend. New friendships will be easily made and they promise to be extremely profitable.

VIRGO (Aug. 24 - Sept. 23):

You must not give in to pressure today, not even when it comes from people in positions of authority. Listen to what they say but don’t think you are obliged to follow their orders to the letter. You have a mind of your own, so use it!


LIBRA (Sept. 24 - Oct. 23):

If you have been thinking of a major change in your life, maybe switching careers or moving away from your current location, now is the time to get serious about it. There can be no more excuses for doing nothing, it’s time to break out of your comfort zone.

SCORPIO (Oct. 24 - Nov. 22):

You will have to be ruthless with someone who has been benefiting from your protection in ways that are clearly not good for them or for you. However much of a friend they may be you can no longer afford to carry them, especially financially.

SAGITTARIUS (Nov. 23 - Dec. 21):

As Mars moves into your opposite sign over the next few days you may have to do things for partners and loved ones that don’t feel right. Help them if you can but make sure they know this can be nothing more than a short-term arrangement.

CAPRICORN (Dec. 22 - Jan. 20):

You may be tempted to push yourself ever harder on the work front so that employers and colleagues know what you are capable of but don’t overdo it. They are unlikely to be impressed if you exhaust yourself, so know your limits and stay within them.

AQUARIUS (Jan. 21 - Feb. 19):

The planets warn if you let your standards slip over the next few days it may be very hard to raise them up again, so don’t be tempted to compromise your beliefs, your values or your ambitions. An honest life is more valuable than an easy life.

PISCES (Feb. 20 - Mar. 20):

As Mars is about to move into the domestic area of your chart it’s likely that family matters could be a little disruptive. No matter what loved ones may say and do, if you stay calm then any problems between you can be easily settled.

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