Hong Kong, Shanghai extend surge as China optimism boosts markets [Yahoo! Finance]
SINO-OCEAN GRP UNSP/ADR (SIOLY)
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Source: Yahoo! Finance
A string of announcements this week has seen leaders cut interest rates, pledge support to the beleaguered property sector, free up banks to lend more and pledge to boost jobs, particularly for the poor. While analysts have warned that the measures -- the boldest in years -- will not on their own be enough to get the economy back on track, they have provided some much-needed cheer to investors and raised hopes that the government is listening to calls for major help. They also come amid a more upbeat mood on trading floors after the Federal Reserve's bumper rate cut last week and indications that more were in the pipeline through to 2026. The bank's policy outlook will be in focus later Friday with the release of its preferred gauge of inflation. On Friday, Chinese officials said they had cut the amount of cash banks must hold in reserve in a bid to get them lending more to revive economic activity -- a move that would pump more than $140 billion into financial markets. Meanw
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