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Asian markets surge despite Evergrande liquidation and stimulus promises
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Asian markets rallied despite recent slumps and the liquidation of China Evergrande, with optimism that Beijing's stimulus promises are actionable. The Hang Seng rose over 1%, and markets across the region saw gains. The Chinese securities regulator's suspension of lending of restricted shares and the planned 2 trillion yuan stocks stabilization fund further boosted markets.
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How might the planned 2 trillion yuan stocks stabilization fund impact the Chinese economy?
What factors contributed to the recent slumps in Asian markets?
What specific stimulus promises does Beijing have in mind?
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