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International Business Times
International Business Times
Business
AFP News

Shanghai, Hong Kong Rally On China Stimulus Hopes, Asian Markets Mixed

Hong Kong Shanghai United States Asia China US Federal Reserve
While China's latest stimulus measures have been welcomed, analysts said officials needed to do more to help the economy, particularly the battered property sector (Credit: AFP)

Shanghai and Hong Kong stocks built on their recent rally Thursday as traders awaited fresh pledges of stimulus from Chinese officials a day after they announced a measure to boost bank lending, though other Asia markets fluctuated.

Another record close for the S&P 500 on Wall Street provided a positive lead for investors, while a string of data including on US economic growth and jobs could give some idea about the Federal Reserve's plans for interest rates.

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