New stimulus from China helped Asian stocks trade higher on Thursday as concerns over economic growth in the world’s second-largest economy remain in focus.
Hong Kong’s Hang Seng Index rose 0.2%, with the Shanghai Composite finishing 0.1% higher. Tokyo’s Nikkei 225 surged 1.4%.
Worries over a slowdown in China have rattled global markets in recent months, with stimulus from Beijing doing little to stem the bleeding in stocks. However, the latest move to shore up the country’s economy seems to have been received more positively.
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