Stock market today: Asian shares gain as China releases plan for market support

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Asian shares are higher after China's central bank released plans for supporting stock markets through share repurchases.

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Currency traders watch monitors at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Friday, Oct. 18, 2024. The loans, which can be made only by 21 designated financial institutions, will have a maximum interest rate of 2.25%, the People’s Bank of China said in a statement that underscored plans for strict oversight of the effort to support the markets.

 

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