Shanghai and Hong Kong surge over 4% with incentives and Central Bank support

The Shanghai and Hong Kong stock exchanges closed with significant gains, rising over 4%, driven by new Chinese government economic incentives and Central Bank support. Authorities announced cuts to mortgage rates and short-term interest rates, along with new policies to boost consumer credit. This set of actions brought optimism to investors, with notable benefits for the metals and construction sectors, which are directly impacted by measures aimed at the recovery of the real estate market.

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