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

BANGKOK — Asian shares have mostly gained after China’s central bank released plans for supporting the stock market through share repurchases by companies and major shareholders.slowed further in the last quarter, which spurred expectations the government will ramp up its latest stimulus efforts. The world's second-largest economy expanded at a 4.6% annual pace in July-September, down slightly from 4.7% in the previous quarter.

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. Elsewhere in Asia, Tokyo's Nikkei 225 edged 0.2% higher to 38,798.48 and the Kospi in Seoul shed 0.6% to 2,594.40. Australia's S&P/ASX 200 gave up 0.9% to 8,283.20.The Taiex in Taiwan gained 1.9% and the SET in Bangkok was up 0.2%. India's Sensex slipped 0.2%.

In other dealings early Friday, U.S. benchmark crude oil gained 25 cents to $70.92 per barrel. Brent crude, the international standard, was 20 cents higher at $74.65 per barrel.The singer-songwriter said she was ‘in denial, shocked and hurt’ after it was announced Payne had fallen to his death in Buenos Aires.

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