Asia Markets: Alibaba and JD.com soar as China pledges to support markets

Chinese language- and Hong Kong-listed shares soared on Wednesday after China’s authorities pledged to support beleaguered markets. The Cling Seng HSI, +9.09% surged 9% in afternoon commerce as state-run Xinhua Information Company stated the federal government would take quite a few market-friendly steps. The Shanghai Composite SHCOMP, +3.48% rose 3.5%. China’s monetary stability and improvement …

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