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Asia Markets: Big stock rally in China bolsters markets across Asia

Stock markets in China picked up Monday right where they left off late Friday, with indexes up more than 3%. Shanghai SHCOMP, +4.17% was higher by 3.4% midday Monday. The Shenzhen 399106, +4.96% was 3.9% higher. That’s helped lift equities in not-as-beaten-up Hong Kong HSI, +2.29% by at least 1.5%. The rebound in both has also helped ease the early selling seen elsewhere in the region.

China’s rally comes after last week’s report on weaker-than-expected 3Q GDP growth. Investment bank Nomura said Monday it expects Beijing to roll out more easing and stimulus measures in the months ahead.

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