China shares rebound on government support but rest of Asia unimpressed

January 8, 2016 7:56 AM

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China shares rebound on government support but rest of Asia unimpressed

BEIJING — China’s stock markets rebounded in volatile trading Friday, after the authorities moved to stabilize the currency, bought shares and suspended a circuit-breaker system that had fueled this week’s panic.

But if a degree of confidence trickled back to China, global markets seemed unimpressed by the Chinese government’s rescue act.

Also read: How major US stock market indexes fared on Wednesday

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