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Asia Stocks Look Mixed After New Wall Street Highs: Markets Wrap

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Asian shares mostly advanced, with Chinese stocks losing steam following an earlier rally on news of a fresh market rescue package. The yen and Japanese stocks fluctuated after the Bank of Japan stood pat on policy.

A gauge of Chinese firms listed in Hong Kong pared its gains to 2.7% after climbing as much as 3.8%. Authorities are seeking to mobilize about 2 trillion yuan ($278 billion), mainly from the offshore accounts of Chinese state-owned enterprises, as part of a stabilization fund to buy shares onshore, according to people familiar with the matter.



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