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China Stocks Notch Best Day in Years on Beijing Action

February 6, 2024


Chinese shares notched their best day in years after Beijing signaled its intent to prop up the battered equities market, including by directing a trillion-dollar sovereign-wealth fund to boost holdings.

The benchmark Shanghai Composite Index gained 3.2% Tuesday, snapping a six-day losing streak with its largest single-day percentage gain in almost two years, while the Shenzhen Composite Index gained 5.1%—its best day since 2019.

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