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Chinese stocks set for best trading week since 2008
Chinese stocks are headed for the best week since 2008 as Beijing rolled out a huge stimulus package to revive the economy, lifting Asian shares to two-and-a-half-year highs, while a sharp fall in oil prices bodes well for disinflation globally.
The yen retreated to three-week lows ahead of a leadership contest of Japan’s ruling Liberal Democratic Party on Friday, as investors looked to gauge what it could mean for the country’s rate hike path.
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