Asian stocks gain after China rate cut
BEIJING (AP) — Asian stocks rose Monday after China's surprise interest rate cut as investors looked ahead to European inflation data due out this week and OPEC meeting to discuss oil production levels. KEEPING SCORE: China's Shanghai Composite Index jumped 1.7 percent to 2,529.83 points and Hong Kong's Hang Seng surged 1.8 percent to 23,862.69. Tokyo's Nikkei 225 gained 0.3 percent to 17,357.51 and Seoul's Kospi added 0.5 percent to 1,974.48. Sydney's S&P ASX 200 added 1 percent and Singapore also gained. CHINA'S RATE CUT: Beijing's ...
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