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International Business Times
International Business Times
Business
AFP News

Hong Kong Leads Asian Market Rally On China Support Hopes

Hong Kong surged more than three percent in the morning, but is still down around 10 percent since the turn of the year (Credit: AFP)

Hong Kong led a rally across Asian markets Tuesday as traders were cheered by reports that Chinese authorities were considering a blockbuster boost to equities after a painful start to the year.

The surge came after another record day on Wall Street where optimism about the outlook for the US economy has taken the place of expectations for a string of interest rate cuts starting in March.

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