China’s stock market hit an all-time high on Thursday after massive drought conditions in the country were eased by authorities in the early hours of Friday morning.
The Shanghai Composite closed at 16,732.10 points, up 5.6 percent from Thursday’s closing.
The Shanghai Composite index is the second-largest in China, after the Shanghai Composite Index.
The Dow Jones Industrial Average rose 5.2 percent, while the S&P 500 added 2.9 percent.
The Nasdaq Composite index dropped 2.6 million points, or 0.2 percentage point, to 4,788.47.
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