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Good morning. Chinese stocks surge, Germany’s spending plans, Bernard Arnault’s tenure and frustrations over Chelsea FC’s management. Here’s what people are talking about.
Chinese stocks staged a huge rebound after the state council vowed policies to boost financial markets and increase economic growth. Tech firms including Alibaba and Tencent gained at least 20% as the broader market recovered from a rout that had erased $1.5 trillion in value over the past two sessions. China will keep the stock market stable and support overseas share listings, according to a report by the official Xinhua news agency that cited a meeting chaired by Vice Premier Liu He.