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Shanghai, Hong Kong rally on China stimulus hopes, Asian markets mixed

Shanghai and Hong Kong stocks built on their recent rally Thursday as traders awaited fresh pledges of stimulus from Chinese officials a day after they announced a measure to boost bank lending, though other Asia markets fluctuated.Hong Kong and Shanghai rose for a third straight day on hopes Beijing will put in place more help for the stuttering economy after Wednesday's decision to cut the portion of cash banks must keep in reserve, a move aimed at freeing them up to lend more.

US stocks drop as traders struggle to revive November rally despite lower bond yields

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