World shares advance after China cuts interest rates

News Snapshot:

Hang Seng Index is displayed on the digital screen at the listing ceremony of Contemporary Amperex Technology Co. (CATL) in Hong Kong, Tuesday, May 20, 2025. (AP Photo/Chan Long Hei) World shares rallied Tuesday after China cut key interest rates to help fend off an economic malaise worsened by trade friction with Washington. Shares in China’s CATL, the world’s largest maker of electric batteries, jumped 16.4% in its Hong Kong trading debut after it raised about $4.6 billion in the world’s largest IPO this year. Its shares traded in Shenzhen, mainland China’s smaller share market after Shanghai, gained 1.2% after...