Shanghai Stock Index Rises Over 1% as Energy Stocks Lead Gains

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China Bans Unapproved Yuan Stablecoins

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The Shanghai Stock Index rose more than 1%, with oil, gas, and coal stocks leading gains. The ChiNext Index also climbed more than 1%. In Hong Kong, the Hang Seng Index gained 2.1% in half-day trading, while the Hang Seng Technology Index rose 2.9%. Alibaba advanced more than 5%, while Zhipu fell 13% against the …

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