Stocks, euro rise on massive EU stimulus plan

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Unrest in Hong Kong over Beijing's proposed national security laws weighed on global shares and oil prices on Wednesday, offsetting optimism about ...

LONDON/TOKYO: World shares surged on Wednesday as reports of a European Union rescue fund helped offset concerns about unrest in Hong Kong over Beijing's proposed national security laws.

MSCI's ex-Japan Asia-Pacific index fell 0.4per cent as Hong Kong and mainland China shares extended declines. E-Mini futures for the S&P 500 rose 1.2per cent to their highest point since March 6. The index had cleared 3,000 points in Wall Street overnight before earlier pulling back, as some traders returned to the New York Stock Exchange floor for the first time in two months.

 

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