Chinese shares surged 3.4% following better-than-expected export figures that provided further indications that the economy is stabilizing. Sales abroad accelerated to +7.2% on year in August and the trade surplus jumped 61% on month to $28.6B, although imports slowed to +7% on year. Meanwhile, inflation slipped to 2.6% in August from 2.7% in July and PPI deflation eased. Banks (CHIX) were boosted by speculation that they'll be allowed to issue preferred shares in order to firm up their finances.
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