China Stocks Soar Amid Deflationary Pressure
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Chinese shares surged, potentially closing at their best levels in three years, fueled by investor optimism regarding further economic stimulus measures to combat deflation. The Shanghai Composite Index and CSI 300 index both saw significant gains. This positive market movement follows data showing persistent factory deflation but a surprising rise in consumer prices in June. Conversely, London copper futures dipped following President Trump's renewed tariff threats.
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