SINGAPORE - China helped Asian stocks rise from 11-month lows on Wednesday as investors cheered the approval of a trillion-yuan sovereign issue as a harbinger of stimulus, while theMSCI's broadest index of Asia-Pacific shares outside Japan, which hit its lowest since last November on Tuesday, rose 0.6% and the
"Government expenditure will help the economy to stabilise further and strengthen growth in the fourth quarter," said Steven Leung, executive director of institutional sales at broker UOB Kay Hian in Hong Kong. The Australian dollar was the standout gainer, rising more than 0.5% to touch a two-week high of $0.64.
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