Economic support news bolsters Asian stocks

By Agence France-Presse

Mar 17, 2022 12:05 am

HONG KONG: Asian equities rallied on Wednesday after their recent rout, with Hong Kong leading the way after the Chinese government pledged to provide support and stability to the country's troubled markets.

Traders were piling back into regional stocks to snap up bargains in the wake of a sell-off fueled by concerns about the war in Ukraine, the Federal Reserve's (Fed) plans to start hiking interest rates and Covid-19 outbreaks in China that threaten its growth outlook.

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