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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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FILE - The seal of the Department of Justice, Aug. 1, 2023, at the Department of Justice in Washington. Convict with prior charges for sexual misconduct, battery facing 15 years in prison on gun chargeSee the latest Insider Deals.How to get Microsoft Word, Excel, and more with no subscriptionCurrency traders watch monitors near a screen showing the Korea Composite Stock Price Index , left, and the foreign exchange rate between U.S.

FILE - American flags, left, hang from the New York Stock Exchange on Oct. 16, 2024, in New York. Currency traders watch monitors near a screen showing the Korea Composite Stock Price Index , left, and the foreign exchange rate between U.S. dollar and South Korean won at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Friday, Oct. 18, 2024.

The news helped drive a rally in Shanghai, where the Composite index was up 2.1% at 3,232.14. The benchmark for the smaller market in the southern city of Shenzhen jumped 3.2%.

 

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