China bond rally intensifies after shift in monetary policy tone

Yields hit fresh low as stocks pare back early gains

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A man walks past a brokerage house in Beijing on Nov. 6. Government bonds have been among the best-performing assets in China this year, becoming a haven for investors hit by a prolonged decline in home prices. © Reuters

WATARU SUZUKI and ECHO WONG, Nikkei staff writers

SHANGHAI/HONG KONG -- Chinese long-term government bond yields fell and stocks edged up on Tuesday after the Communist Party's leadership signaled that it will step up policy support to counter deflationary pressures.

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