Asian shares get a lift from plans for China-US trade talks, Beijing stimulus moves
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Asian shares get a lift from plans for China-US trade talks, Beijing stimulus moves
Shares advanced Wednesday in Asia after the U.S. and China said they are planning trade talks in Switzerland later this week.Hong Kong’s benchmark briefly jumped more than 2% after officials in Beijing rolled out interest rate cuts and other moves to help support the Chinese economy and markets.U.S. futures and oil prices also rose.But the market reaction to both developments was relatively restrained. Investors are also waiting for the outcome of the Federal Reserve’s policy meeting, which wraps up later Wednesday. Virtually no one expects the central bank to change its main interest rate, even though Trump has been advocating ..