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Markets Edge Higher at End of a Strong Week



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Markets nudged higher on Friday, after China eased its strict pandemic policies, which have roiled global supply chains. It built on the previous day’s surge, which investors said was driven by encouraging inflation trends.The S&P 500 rose 0.5 percent in morning trading, after the latest reading of the Consumer Price Index on Thursday — which showed prices rising by less than expected in October — sparked a major rally.The bullish sentiment was supported on Friday by a loosening of some pandemic policies in China, such as required quarantine times, even as the government remains committed to its “zero-Covid” policy. Those policies have weighed on financial markets around the globe, straining supply chains and stoking inflation.Hong Kong’s Hang Seng Index rose 7.7 percent on Friday, its best one-day performance since March, while the mainland CSI 300 index rose 2.8 percent.The moves gave another push to the stock market in the United States, after a bumper 5.5 percent gain for the S&P 500 on Thursday, the biggest …

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