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Asian Markets Surge as Beijing Implements Policies to Boost Economy

Economy Beijing United States Ahn Youngjoon Netflix the Federal Reserve the New York Stock Exchange
The New York Stock Exchange is seen in New York, Wednesday, Jan. 24, 2024. U.S. stocks are ticking higher Wednesday, led by Netflix as customers keep signing up to watch its streaming service. (AP Pho

Asian Shares Rise as Chinese Policies Boost Market Confidence

Asian shares mostly rose on Thursday, following positive movements in Chinese stocks after Beijing unveiled a series of measures to support struggling markets. Hong Kong saw a significant increase of 1.8%, while Shanghai surged by 3%. Benchmarks in Tokyo and Seoul also edged higher. In addition to the rise in Asian shares, U.S. futures and oil prices advanced.

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