Global Stocks Surge Amid Santa Rally, China and Tech Stocks in Focus
• Santa rally in full swing across global stocks, with Bank of Japan adding fuel on Tuesday
• Attention turns to China on Wednesday as PBOC expected to leave key rates unchanged, putting dampener on market party
• Beijing under pressure to ease monetary or fiscal policy to help ailing economy, but likely not until 2022
• Japanese markets get boost from Bank of Japan dousing speculation of move away from negative rates
• Tech-heavy Nasdaq index hits new peak, U.S. FAANG index almost doubles in 2021, giving potential boost to Hang Seng tech