China’s blue-chip CSI300 index rose 1.3%, while Hong Kong’s Hang Seng index jumped 1.7% as interest rate hike bets faded.
Chinese mutual fund companies are rushing to buy their own stock products, as the country’s securities regulator vowed fresh measures to guide long-term capital into the stock market. The rally comes as Asian shares rose for a fourth straight session after markets moved to price in earlier rate cuts in the US and Europe.
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