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March 5, 2025 6:12 PM

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Asian markets collectively show upward trend amid US China tensions

Asian markets witnessed a rally today as China pledged fresh stimulus measures amid ongoing trade tensions with the US. China’s Shanghai Composite index rose 0.53 percent as the government unveiled an annual economic growth target of around 5 percent and announced plans to boost domestic consumption and support the economy, given the broadening global uncertainty. Hong Kong’s Hang Seng gained 2.77 percent, South Korea’s Kospi rose 1.14 percent, Japan’s Nikkei 225 rose 0.23 percent and Singapore’s Straits Times Index gained 0.20 percent. European stocks were also trading in green in the intraday trade. ​​Germany’s DAX was up 3.3 percent, France’s CAC 40 had gained 1.88 percent, and Britain’s FTSE was up 0.41 percent when reports last came in.