China Measures Lift Asia Stocks; Treasuries Steady: Markets Wrap
(Bloomberg) — Asian stocks advanced, fueled by China’s support for its equities market and remarks by Jerome Powell that the Federal Reserve would “proceed carefully” on whether to raise interest rates again.
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Chinese equities rallied as the government lowered stamp duty on stock trades for the first time since 2008 and pledged to slow the pace of initial public offerings. The CSI 300 Index was on course for the biggest gains in more than a month, while the…