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  • The Independent

    Stock market today: Asian shares mostly rise, led by gains in Chinese markets following policy moves

    by Yuri Kageyama Jan 25, 2024 2 minutes
    Source: Copyright 2024 The Associated Press. All rights reserved.

    Asian shares were mostly higher on Thursday, with Chinese stocks extending gains after Beijing announced a raft of policies to support sagging markets.

    Hong Kong rose 1.8% and Shanghai surged 3%. Benchmarks inched higher in Tokyo and Seoul. U.S. futures and oil prices advanced.

    Late Wednesday, the Chinese central bank announced a set of rules to govern lending to property developers. Earlier, it said it would cut bank reserve

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