China Markets Rebound on Supportive Government Comments

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Technology stocks led a blistering rebound in Chinese markets, with some shares in Hong Kong jumping more than 20%, as investors seized on supportive comments from top Chinese economic policy makers.

Chinese officials said they would “coordinate pandemic prevention and control and economic development, keep the economy operating within a reasonable range and keep the capital market running smoothly,” according to a report on Wednesday by Xinhua, China’s state news agency.

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