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Chinese Stock Market Rollercoaster: Surge Followed by Swift Decline Amid Stimulus Uncertainty

  Chinese stocks experienced a dramatic rise and fall on Tuesday as markets reopened after a weeklong holiday. The initial surge was driven by pent-up demand and optimism surrounding Beijing’s economic policies. However, the rally quickly lost momentum when the National Development and Reform Commission (NDRC) failed to announce new stimulus measures, disappointing investors. The CSI 300 index, which tracks the largest companies listed in Shanghai and Shenzhen, opened nearly 11% higher but closed with a more modest gain of 5.9%. Similarly, the Shanghai Composite Index saw a significant rise before settling at a 5.5% increase. Investor sentiment was initially buoyed by expectations of aggressive fiscal support to counteract China’s economic challenges, including a property market slump and high youth unemployment. However, the lack of fresh stimulus announcements led to a swift sell-off, highlighting the market’s sensitivity to government policy signals. Despite the volatility, analysts
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Ex-Prosecutor Identifies Game-Changing Testimony in Trump’s Hush Money Trial


In a dramatic turn of events during the trial related to hush money payments, former U.S. Army prosecutor Glenn Kirschner highlighted a piece of testimony that could haunt Donald Trump. The trial centers around allegations that Trump falsified business documents to conceal payments made to porn actor Stormy Daniels before the 2016 election.

On election night in 2016, attorney Keith Davidson, who represented Stormy Daniels at the time, texted then-National Enquirer editor Dylan Howard with a revealing question: “What have we done?” This message came as it became increasingly apparent that Trump would win the election. The Enquirer had also engaged in a “catch and kill” initiative to bury potentially damaging stories about Trump.

Kirschner described this testimony as “breathtaking” and emphasized that it directly undermines one of Trump’s key defense assertions. Davidson’s acknowledgment of his actions potentially impacting the election result suggests that they recognized the damage caused by their conduct. Moreover, it’s clear that the hush money payments were intended to influence the election, not merely to conceal information from Melania or Trump’s family.

This revelation could have far-reaching consequences for Trump’s criminal responsibility. It challenges the defense’s attempts to distance Trump from any wrongdoing. As the trial unfolds, the impact of this admission remains to be seen.


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