Markets mixed after Wall St losses, Shanghai and Hong Kong rally
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Asian markets were mixed Tuesday following a drop on Wall Street. Shanghai and Hong Kong were lifted by a pledge by authorities to boost investment in a range of stocks. Investors were still coming to terms with the prospect of US interest rates being kept at two-decade highs. Figures Monday showed a gauge of service-sector activity hitting a four-month high. Hong Kong and Shanghai enjoyed much-needed buying interest after a unit that controls company stakes on behalf of China's government said it had expanded the scope of investments. However, analysts have warned that while such moves could provide some short-term relief, the government needed to address long-standing problems within the economy to restore confidence.

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https://www.legit.ng/business-economy/economy/1577241-markets-mixed-wall-st-losses-shanghai-hong-kong-rally/