World shares advance after China cuts interest rates to boost...

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World shares advance after China cuts interest rates to boost economy

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World shares experienced a rally following China's decision to cut key interest rates in response to economic challenges intensified by trade tensions with the US Australia also reduced its benchmark interest rate. CATL, a Chinese electric battery maker, saw its shares jump in its Hong Kong trading debut. Meanwhile, US stocks faced pressure after Moody's downgraded the US

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