The China stock rally returned as Beijing announced more measures to revive the world's second-largest economy, including cash handouts for the poor and a reported $140 billion injection into the largest state-run banks. The Shanghai index zoomed to a 3.61% gain Thursday, while Hong Kong's Hang Seng index jumped 4.16%.
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A perfect storm of fiscal stimulus out of China, stellar Micron earnings, and solid economic data were boosting the market.
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