Beijing announced plans to inject more than $50 billion into the country's banks and insurers to support the nation's sputtering economy. The move represents the second major capital infusion in less than two years, highlighting growing concerns among policymakers about the stability of the financial system as economic growth momentum fades. This direct support is intended to strengthen financial institutions' balance sheets and encourage lending, signaling a significant step to counteract the slowdown in the world's second-largest economy.
Market Impact: Asian markets rallied on the news, with the KOSPI surging +4.61% and the Nikkei 225 climbing +2.12%. In the U.S., S&P 500 Futures were down -0.13% and Dow Futures fell -0.55%, while Nasdaq Futures edged up +0.09%.