Hong Kong and Shanghai stocks saw big swings Tuesday following the previous day s rout after Xi Jinping tightened his grip on power in China, while other Asian markets extended gains on hopes the Federal Reserve will slow down its pace of rate hikes.
Despite the hyperbole surrounding Jintao, the 20th National Congress saw fierce Xi Jinping loyalists installed in the CCP leadership, while any remnants of factional rivals have been removed from the highest ranks of the party.