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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
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Your daily horoscope: July 8, 2024

 

HOROSCOPES IF TODAY IS YOUR BIRTHDAY

Someone who is currently no more than a casual friend will become a whole lot more important to you over the coming year. You have been growing closer for quite some time and soon the magnetism between you will become intense.

ARIES (March 21 - April 20):

You may be inclined to trust your hunches but if someone whose judgment you value advises caution today it would be smart to listen. It could be they can see a pitfall that you, in your haste to push ahead, have somehow overlooked.

TAURUS (April 21 - May 21):

Venus, your ruler, is strong in the area of your chart that governs travel plans and social activities, and you must make the most of it. A few days from now there will be more serious matters to deal with, so have fun while you can.

GEMINI (May 22 - June 21):

Others may be of the opinion that the more material things they possess the happier they will be but that is certainly not true for you. The only sort of possession that matters now is the affection you get from the people you love.

CANCER (June 22 - July 23):

Identify your No. 1 passion and go after it with every ounce of physical, mental and emotional energy you possess. The sun remains in your sign just two more weeks, so get a move on and start making some really good things happen.

LEO (July 24 - Aug. 23):

You seem to be paying far too much attention to what other people are saying and not enough to what your inner self is trying to tell you. Make a point of tuning out other voices today and listen only to that small voice within your own heart.

VIRGO (Aug. 24 - Sept. 23):

What happens today will in some way make it clear that every single thing that happens in your life, be it good or bad, is part of a much wider and much higher cosmic plan. So why worry when everything is destined to come right in the end?

LIBRA (Sept. 24 - Oct. 23):

Although someone in a position of power has clearly made a big impression on you in recent weeks you must not follow them blindly. You are still your own boss and ultimately the decisions you make must be for your own benefit.

SCORPIO (Oct. 24 - Nov. 22):

The sun in Cancer at this time of year urges you to start something new. Focus on an ambition you have been thinking about for months, maybe even years, and make it your one and only objective. This is not the right time to be cautious.

SAGITTARIUS (Nov. 23 - Dec. 21):

You suspect that a loved one has been keeping things from you and it is driving you mad that they might know something that you do not. But don’t let your frustration show or they will delight in keeping you in the dark a little longer.

CAPRICORN (Dec. 22 - Jan. 20):

You appear to be flavour of the month with all the right people at the moment, and that’s great, but don’t just sit back and bask in their praise. Your priority now must be to make use of their support to promote your own interests.

AQUARIUS (Jan. 21 - Feb. 19):

You may be tempted to escape from your problems by retreating into your shell and pretending that the outside world does not exist but that approach won’t work for long. Engage with life’s challenges – they are not as tough as you fear.

PISCES (Feb. 20 - Mar. 20):

You may be tempted to go over the top emotionally but if you do it’s no big deal. As one of the more sensitive members of the zodiac there is no point trying to pretend that certain matters don’t affect you when everyone can see they do.

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