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Moomoo 24/7 ·  Aug 27, 2023 21:48

Chinese stocks jumped after authorities announced a slew of measures to woo back investors including a reduction of the stamp duty on stock trades and a slower pace of initial public offerings.

Hang Seng Tech Index rallied 3.4%. XPeng gained 13%, Nio climbed 5%, Alibaba and JD.com jumped 3%.

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