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The country reportedly is preparing a $280 billion fund to prop up shares. That will help, but more is needed.

HONG KONG — Hong Kong led a rally across most Asian markets on Tuesday as traders were cheered by reports that Chinese authorities were considering a blockbuster boost to equities after a painful start to the year.The surge came after another record day on Wall Street where optimism about the outlook for the US economy has taken the place of expectations for a string of

Global stock markets treaded water on Tuesday as investors eyed a raft of corporate earnings for clues as to whether growing optimism for the US economy this year is warranted.

Hong Kong led a rally across Asian markets Tuesday as traders were cheered by reports that Chinese authorities were considering a blockbuster boost to equities after a painful start to the year.Traders had started the year on a somewhat sour note as a string of figures and warnings from Federal Reserve officials all but doused expectations rates will be cut in March and keep coming down through 2024.

Chinese equities have sold off for most of the past year, hurt by factors ranging from a protracted crisis in the housing market to persistent deflationary pressures in the wider economy.