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China stocks rebound sharply on renewed talk of official support

Battered Chinese stocks leapt to their largest one-day gain in two years on Tuesday and the yuan rose on a slew of signals that authorities are strengthening their resolve to support slumping markets. The yuan, which has been underpinned by firmer-than-expected central bank guidance in recent days, was also on the rise, lifting from Monday's three-week low to 7.1865 per dollar.

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