Oddbean

Stock market today: Asian shares gain as China releases plan for market support ========== Asian shares rise after China's central bank announces support plans; China's economy grew 4.6% in Q3 2024, down from 4.7% in Q2; average growth for 2024 is 4.8%, below the 5% target; central bank guidelines allow loans for stock repurchases at 2.25% interest; Shanghai Composite index up 2.1% to 3,232.14; Hong Kong's Hang Seng index up 2.2% to 20,519.78; U.S. stocks remain near record highs with S&P 500 at 5,841.47; European Central Bank cuts interest rate by 0.25%; U.S. crude oil at $70.92 per barrel. #AsianMarkets #China #StockMarket #Economy #InterestRates #UsEconomy #Growth #Stimulus #FinancialNews #GlobalMarkets https://abcnews.go.com/US/wireStory/stock-market-today-asian-shares-gain-china-releases-114918214