Asian stocks jumped Thursday on China’s efforts to soothe market nerves and the Federal Reserve’s reassurance that it’s moving very gradually toward tapering stimulus if the U.S. makes more economic progress.
Hong Kong and China outperformed, paring steep losses this week sparked by Beijing’s crackdown on private enterprises. A Hang Seng tech index surged on a report that China will continue to allow local firms to go public in the U.S. S&P 500 futures edged back and Nasdaq 100 contracts dipped after Facebook Inc. fell in extended trading on a cautious outlook. European futures slipped.
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