China stocks surge after huge sell-off


Source: yahoo.com yahoo.com

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Stocks in China and Hong Kong have surged after Vice Premier Liu He said Beijing will roll out more measures to boost the Chinese economy as well as favourable policy steps for capital markets. The comments came as China shares have been pummelled in recent weeks by rising domestic COVID-19 cases, the Russia-Ukraine conflict, continued regulatory crackdowns and a widely expected interest rate hike by the US Federal Reserve. Hong Kong stocks on Wednesday witnessed their best day since 2008 after a huge sell-off in the previous session, with tech giants logging their biggest intraday gains ever, as investors rushed...