Asian shares jumped on
Tuesday as China s pledge to step up policy support for its
stuttering economy soothed sentiment and lifted beaten down Hong
Kong and Chinese stocks, while the dollar eased.
Hong Kong led a surge across most Asian markets Tuesday after Chinese leaders pledged fresh measures to boost the nation s stuttering economy, building on optimism that central banks were nearing the end of their rate-hiking cycle.
Hong Kong led a surge across most Asian markets Tuesday after Chinese leaders pledged fresh measures to boost the nation's stuttering economy, building on optimism that central banks were nearing the end of their rate-hiking cycle.However, top leaders on Monday signalled a fresh push to get the post-Covid recovery back on track, particularly the troubled property sector, which accounts for a major part of the world's number-two economy.
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