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Stocks push higher on US and China stimulus hopes


Equities updates

Wall Street and European stock markets started September on a cautiously positive note, balancing signs that the global recovery from Covid-19 was moderating against the potential for extended support from central banks.

The S&P 500 rose 0.3 per cent in mid-afternoon trading, putting Wall Street’s blue-chip stock index on track for a fresh closing high following seven straight months of gains to the end of August. The technology-focused Nasdaq Composite rose 0.8 per cent.

In Europe, the region-wide Stoxx 600 index added 0.5 per cent while London’s FTSE 100 closed 0.4 per cent higher for the day.

In Asia, Hong Kong’s Hang Seng index rose 0.6 per cent and the Shanghai Compsite was up 0.7 per cent, while in Tokyo the Nikkei Average and the Topix both closed 1.3 per cent and 1 per cent higher respectively. Sydney’s S&P/ASX 200 fell 0.1 per…

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