Global stocks mixed after China stimulus as Dow retreats from record | National

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Stock markets diverged and oil prices fell on Wednesday as China’s latest measure to bolster its economy, the world’s second-largest, failed to sustain another global rally.

Shanghai closed up 1.2 percent and Hong Kong advanced 0.7 percent after both markets surged more than four percent Tuesday following a slew of Chinese interest-rate cuts this week. 

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