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Hong Kong stocks jump 3% on China stimulus reports
04:43
Asia Pacific
Hong Kong stocks jump 3% on China stimulus reports
Shares in the Asia-Pacific region are rallying, with Hong Kong stocks currently up 3.41%, This comes after Bloomberg reported that Chinese authorities are considering a package of measures worth $278.53 billion to stabilize its stock markets. Allegedly, Chinese policymakers have also put aside 300 billion yuan of local funds that would be used to invest in onshore shares through state-owned financial firms China Securities Finance Corp. or Central Huijin Investment.
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