China stocks buoyed by US rally; yuan edges up

August 27, 2015 6:22 AM

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China stocks buoyed by US rally; yuan edges up

China’s turbulent stock markets rose on Thursday, helped by a strong rebound on Wall Street on expectations that the US Federal Reserve will respond to days of China-led volatility by delaying an expected interest rate rise next month.

Chinese stocks had fallen again on Wednesday — taking their losses to more than 20 per cent in just five days — underscoring fragile investor confidence and deep doubt over whether the previous day’s policy easing by the People's Bank of China’s (PBOC) could stabilise the economy.

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