HONG KONG: Stocks in Hong Kong and Shanghai saw big swings on Tuesday following the previous day's rout after Xi Jinping tightened his grip on power in China, while other markets fought to maintain a rally fueled by hopes of a less hawkish Federal Reserve (Fed).
Optimism about upcoming corporate earnings provided some support, with Wall Street chalking up another strong day ahead of reports this week from big-name firms including Apple, Amazon and Microsoft.
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