China Stocks Continue Surge, But Concerns Remain

Chinese stocks made big gains for a second consecutive day Friday, but there are lingering concerns the market instability has only just begun to hurt the world's second biggest economy. The benchmark Shanghai Composite Index ended up 4.5 percent. It made similar gains Thursday after the government announced several new measures to stop a rout that had wiped out nearly 30 percent of the market since mid-June. Beijing in the past two weeks has cut key interest rates, eased...

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