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The Independent UK
The Independent UK
National
Via AP news wire

Hong Kong shares soar 9% on China pledge to support economy

Copyright 2022 The Associated Press. All rights reserved

Hong Kong’s share benchmark, the Hang Seng index, soared 9% on Wednesday after a senior Chinese official said Beijing would provide more support for the slowing Chinese economy.

The surge was a reprieve from recent heavy selling of Chinese technology companies and other pressures that had taken the Hang Seng to six-year lows.

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