China's stimulus-led stock rally pulls Asia and Europe higher; oil falls


SINGAPORE/LONDON: European shares followed Asia higher on Thursday, driven by news of aggressive economic stimulus from China and a fall in oil prices on a report that Saudi Arabia is preparing to abandon its unofficial price target of $100 a barrel.

Europe's Stoxx 600 jumped 1% in early trading, closing in on August's all-time high, while Chinese onshore bluechips and Hong Kong's Hang Seng Index were both up over 4%.

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