Stocks Revived by China Rebound as Treasuries Pull Back With Yen
China Bolsters Efforts to Arrest a Selloff
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Global markets exhaled as Chinese stocks staged their biggest rebound since 2009, easing concern that the rout will exacerbate a slowdown in the world’s second-largest economy. U.S. stocks pared gains as investors positioned themselves ahead of Greece’s bailout deadline.
The MSCI All-Country World Index snapped a five-day drop by 5 p.m. in New York, as the Shanghai Composite Index rallied 5.8 percent and Hong Kong-traded Chinese stocks also rebounded. The Standard & Poor’s 500 Index ended Thursday up 0.2 percent after sliding 1.7 percent last session, while European shares jumped