Equities in Asia rose after Wall Street closed higher, helped along by a rotation out of megacap tech to small-cap companies. Chinese stocks erased gains after a press briefing by finance and housing ministers.
China’s CSI 300 index turned flat after rising as much as 1.3% earlier. A gauge of Chinese property stocks extended losses. China said that it will expand a program to support “white list” projects to 4 trillion yuan ($562 billion) from about 2.23 trillion yuan already deployed. Hong Kong stock benchmarks also trimmed gains.
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