News Snapshot:
(Bloomberg) -- Chinese stocks rose after lenders lowered borrowing costs following the central bank’s move to cut policy loan rates and commit to more easing. The Hang Seng China Enterprises Index rallied as much as 2.5% on Thursday, with property and technology shares among the biggest gainers. On the mainland, the CSI 300 Index jumped as much as 1%. Chinese sovereign bonds extended gains for a fourth day while the yuan was steady. READ: Chinese Banks Cut Borrowing Costs as PBOC Signals Easing Investors are turning more positive on Chinese equities as the central bank has pledged to use more...
