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المشهد العربي
Chinese stocks advance on rare metals
The Chinese stock indices closed significantly higher, supported by banking sector and rare metals shares. The Shanghai Composite Index rose by 0.25% to 3,876 points, while the CSI 300 increased by 0.23% to 4,728 points. Hong Kong stocks gained over 1%, with Tencent's share recovering after a sharp decline. This market rebound in Asia followed announcements from American technology companies regarding large capital expenditure plans, which are expected to benefit the region's semiconductor industry.
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