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DAX Rises On China Stimulus Hopes
(RTTNews) - German stocks traded higher on Friday after China's cabinet vowed to act decisively in ramping up support for the ailing economy.
Authorities will seize the window of opportunity and "decisively enhance the strength (of policy), roll out all policy measures that are needed to stabilize the economy", the cabinet was quoted as saying after a regular meeting.
Investors were also reacting to comments by U.S. President Joe Biden to The Associated Press on Thursday that he saw reasons for optimism about the economy. A recession is "not inevitable," Biden said.
The benchmark DAX jumped 137 points, or 1.1 percent, to 13,175 after losing 3.3 percent the previous day.
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Thai Stock Market May Hand Back Friday's Gains
The Thai stock market on Friday snapped the two-day slide in which it had stumbled more than a dozen points or 1 percent. The Stock Exchange of Thailand now sits just above the 1,120-point plateau although it may head south again on Monday.
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Japanese Market Modestly Lower
The Japanese stock market is trading modestly lower on Monday, extending the losses in the previous two sessions, following the broadly negative cues from Wall Street on Friday, with the Nikkei 225 falling well below the 39,500 level, with weakness across most sectors led by financial and technology stocks.
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vor 3Std 25 Minuten
Indonesia Stock Market Due For Consolidation
The Indonesia stock market has moved higher in five straight sessions, gathering almost 180 points or 2.6 percent along the way. The Jakarta Composite Index now sits just beneath the 7,050-point plateau although it's expected to open under pressure on Monday.
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vor 3Std 45 Minuten
Hong Kong Shares May Open Under Pressure
The Hong Kong stock market has moved higher in two straight trading days, collecting almost 250 points or 1 percent along the way. The Hang Seng Index now sits just beneath the 24,140-point plateau although it may spin its wheels on Monday.
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vor 4Std 0 Minuten
