Chinese stocks advance on economic support

Chinese stocks edged up slightly today, Tuesday, after the government pledged to support economic policies to face pressures on the economy. The Shanghai Composite Index rose by 0.1%, with the real estate development sector leading the gains, following the State Council's announcement of measures to stabilize the housing market. Meanwhile, Hong Kong stocks declined by 0.6%, with technology and pharmaceutical sectors retreating amid rising U.S. Treasury bond yields and liquidity shortages ahead of the national holiday. Chinese markets will resume trading after the National Day holiday on October 8.

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