Asian markets mixed after China promises economic support World Finance News


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Asian stock markets were mixed Tuesday after China promised to speed up the rollout of policy changes to boost anemic economic growth. Shanghai gained while Hong Kong declined. Tokyo and South Korea were unchanged at midday. The Chinese Cabinet’s planning agency promised Monday to accelerate easier lending and other policies but announced no new spending. Economic growth sank to 2.5% over a year earlier in the second half, less than half the official annual target. The announcement might “provide a short-term uplift” to sentiment, but investors “ultimately want to see a stronger recovery,” said Yeap Jun Rong of IG in...