China markets jump after rate cut, but worries linger

August 26, 2015 8:26 AM

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China markets jump after rate cut, but worries linger

China's turbulent stock markets turned sharply higher at midday on Wednesday, following Tuesday's strong dose of central bank stimulus , though confidence in Beijing's ability to jolt the economy out of its slowdown remained fragile.

China's two main stock markets, never a reliable barometer of the domestic economy, struggled to give a clear response to the central bank's decision overnight to cut interest rates and further loosen bank lending restrictions (RRR).

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