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Budget deficit of 3 of gdp which some say is uninspiring. The csi 300 index reversing earlier losses, now boosted after li qiang talked about plans for urbanization and regional development. Traders say while they are not many bright spots, what is important is that there are no scares. The benchmark is really low. Csi eking out gains so far, no abnormal etf trades, so perhaps the National Team is not in play. Hang seng index currently down 2. 5 , were keeping an eye on the nikkei 22, now below the 40,000 level. Our focus is on china premier li qiang presenting his work report to kickoff the npc with a growth target of 5 for the year. Lets listen. In setting these targets, we considered evolving dynamic at home and abroad, and other relevant factors. And it is not easy for us to realize these targets. We need policy support. And a joint effort from all. Haslinda chinese assets showing stability, csi 300 zero point 4 higher, the han ....
About. Take a look at how we are trading across the region. We are seeing Risk Appetite roaring back about the big swings in bond market in treasuries overnight. The lowest, s p 500 closed since may not helping things. And of course, preexisting concerns over chinas premarket still playing out Property Market still playing out. Were looking at the next stage of the israelhamas war. Despite the release of the two catheters. The benchmark gauge in asia is just keeping its head above water but we are on course for the 11 months, with some of the greater equity really struggling to get back up there. Rishaad absolutely. Case in point, something we have been talking about really is the csi 300. It can a specific benchmark, 0. 05 . We had a very big drop yesterday, we opened lower, there was weakness, through. Then as we were speaking, it is rewriting our headline, reversing most g ....
Home that higher for longer narrative. We are seeing pretty decent sentiment here, big tech rally in the u. S. Leading some of those stock sire in the region here in asia as well. It is a little bit of holiday session, hong kong as well of as well as curia close. The markets are online, we see decent gains. One of the big stories across the bloomberg, spotlight on china property is starting to see play through when it comes to these key assets like dollar china as well as the aussie dollar watching iron ore. This proposal that beijing is said to be considering to have local governments across the country by out millions of unsold homes. This is according to people familiar with it. This is such a huge ambition and a lot of questions around this if it does come through in terms of the effectiveness of such a policy. Lets bring in Stephen Engle in our China Economy editor james m ....