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China stocks rebound on policy support hopes

China stocks rebound on policy support hopes Reuters 12/14/2020 SHANGHAI, Dec 14 (Reuters) - China stocks rebounded on Monday, underpinned by hopes of more policy support to shore up the world s second-largest economy hit by the COVID-19 pandemic. The blue-chip CSI300 index rose 0.9% to 4,934.84, while the Shanghai Composite Index added 0.7% to 3,369.12. Last week, the blue-chip stock index posted its biggest weekly loss in 11 weeks, as a flare-up in Sino-U.S. tensions and worries about policy tightening dented risk appetite. China will step up fiscal policy support for a strategy to make its economy mainly rely on domestic demand, supply chains and innovation, Finance Minister Liu Kun said.

Hong Kong stocks end lower as China fines Alibaba, other tech giants

Hong Kong stocks end lower as China fines Alibaba, other tech giants
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Hong Kong shares rise on vaccine hopes, Sino-U S tensions cap gains

Article content Hong Kong stocks tracked other Asian market higher as progress on COVID-19 vaccines boosted sentiment, although gains were capped due to a flare up in Sino-U.S. tensions. The Hang Seng index rose 0.4 to end at 26,505.87, while the China Enterprises Index gained 0.4% to 10,452.50. We apologize, but this video has failed to load. Try refreshing your browser, or Hong Kong shares rise on vaccine hopes, Sino-U.S. tensions cap gains Back to video Asian markets were buoyed by optimism that imminent vaccinations would fuel economic recovery. U.S. authorities voted overwhelmingly to endorse emergency use of Pfizer’s coronavirus vaccine, while doses of a COVID-19 vaccine made by China’s Sinovac Biotech are rolling off a Brazilian production line.

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