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With a 3.2% gain overnight, Chinese stocks (CAF) have put together their biggest 2-day rally in...

With a 3.2% gain overnight, Chinese stocks (CAF) have put together their biggest 2-day rally in 18 months on hope the government will loosen policy. The banks (CHIX) had their biggest surge since March 2009 after Premier Li Keqiang said the government has a floor in mind for economic growth (and a ceiling for unemployment) and isn't willing to see either breached. Q2 GDP figures are due on July 15. FXI +3.5% premarket. Hong Kong (EWH) +2.6%.
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