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Stocks Blog: Traders watching appliances, autos for clues on stimulus speculation

Good day traders. We’ll be closely covering the mainland and Hong Kong stock markets for you today. We’ll also bring you insights from experts about where sectors and companies are headed. Check back in throughout the day for updates.  — Zhang Shidong in Shanghai and Deb Price in Hong Kong   Source link

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Carmakers rise after China vows to boost spending on autos as car sales fall for the first time in more than 20 years

Mainland Chinese carmakers got a shot in the arm on Wednesday, as their shares surged after the national economic planning agency said it would make plans to bolster domestic spending on autos. But whether the rally is sustainable remains to be seen, with incentive details yet to be unveiled. Shares of auto companies including Great Wall Motor and Geely Automobile Holdings traded in Hong Kong jumped, buoyed by talks that policies to boost car consumption were in the works, as woeful sales in December dimmed the outlook for the auto…

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