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Markets mostly rise on rate hopes but China fears weigh
Markets rose as global interest rate hikes subdued inflation, allowing central banks to adopt a softer monetary policy. Investors hoped for Beijing’s support amid weak data, while Wall Street’s strong earnings were tempered by Netflix and Tesla reports. Cautious optimism persisted, given the receding risk of recession but lingering concerns over China’s economy.
Beijing appoints Hong Kong national security commissioner
Beijing has appointed Dong Jingwei as Hong Kong’s commissioner of national security, overseeing Chinese security agents in the city under the national security law.
The position had been vacant since January. The move comes as Hong Kong plans to create a law focused on espionage.