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Stock market today: Despite Oracle's drag, Wall Street drifts as it waits for inflation data

^{Published on 2024-12-10 13:01:09 - The Hill}
 

• Shares in Asia were mostly higher on Tuesday as Chinese shares were buoyed by an apparent shift in Beijing toward easier credit and other forms of stimulus for the sluggish economy.

The article from The Hill discusses the performance of Asian stock markets, highlighting that most shares in the region were trading higher, particularly in China, following the announcement of new stimulus measures by the Chinese government. These measures were aimed at bolstering the economy amidst ongoing recovery efforts from the global health crisis and other economic pressures. Specifically, Chinese stocks saw a significant boost after the government introduced policies to support the property sector and increase consumer spending. Meanwhile, markets in Japan and South Korea also experienced gains, although the article notes some caution due to global economic uncertainties and potential policy shifts in major economies like the U.S. The stimulus news helped to lift investor sentiment, with the Hang Seng Index in Hong Kong and the Shanghai Composite Index both showing positive movements. However, the article also mentions that despite these gains, there remains a cautious outlook due to various international factors including inflation rates and geopolitical tensions.

Read the Full The Hill Article at:
[ https://thehill.com/homenews/ap/ap-business/ap-stock-market-today-asian-shares-mostly-higher-as-chinese-stocks-are-lifted-by-latest-stimulus/ ]

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