Global stocks rally after China unveils new stimulus measures

Global stocks rallied at the end of a turbulent week after China unveiled fresh stimulus measures to fight a growth slowdown in the world’s biggest emerging market.

Europe’s regional Stoxx 600 share index rose 1.5 per cent and London’s FTSE 100 gained 1.8 per cent. In Asia, Hong Kong’s Hang Seng index added 3 per cent and Japan’s Nikkei 225 rose 1.3 per cent.

The moves came after China cut its benchmark mortgage lending rate by a record amount. Chinese economic activity…

>>>read full article here<<<