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China stocks surge in Asia, July 13

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advance_12 July 13, 2011 (Chinavestor) Wednesday was a complete opposite of Tuesday for China stocks in Asia. The Hang Seng Index (INDEXHANGSENG:.HSI)  rose 263.7 points or 1.2% with each and every component of the index ending the day higher. The Shanghai Composite Index (SHA:000001) advanced 40.9 points or 1.5% with large caps taking the lead.

Italian lawmakers pushed for a speedy austerity package, easing fears that the third largest economy in the eurozone would drop the currency.

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Components of key Chinse ETFs did just as well as major indices. All but two components of the iShares FTSE/Xinhua China 25 Index (NYSE:FXI) advanced, boding well for the most liquid Chinese ETF.

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