Aug 28 - European shares advanced on Monday, with technology stocks leading gains following an upbeat close on Wall Street and a rise in China-exposed industrials after Beijing announced measures to aid its ailing stock market.Technology stocks advanced 1.1%, their first climb in three sessions, tracking an overnight rally on Wall Street after U.S. Federal Reserve Chair Jerome Powell's remarks at the Jackson Hole symposium on Friday.
China-linked sectors such as automakers and industrials added 0.4% and 0.7%, respectively, after the country's finance ministry said on Sunday it was reducing the 0.1% duty on stock trades"to invigorate the capital market and boost investor confidence." Latvian policymaker Martins Kazaks said on Saturday it may be too early for the ECB to pause interest rate hikes now.A survey showed the mood among German exporters further clouded over in August although there were signs of improvement in the beleaguered chemicals sector.
French Finance Minister Bruno Le Maire also voiced similar concerns, saying that he does not expect interest rates to go down in the months ahead.
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