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Stock market today: Global markets trade mixed as China shares surge

  • The Nikkei 225 in Japan increased by 0.1% to 38,719.34 amid currency changes that benefit exporters, as reported by Japan's government.
  • Alibaba's net profit surged to 48.9 billion yuan, or $6.71 billion, attributed to strong performance and revenue growth, according to the company's financial announcement.
  • Walmart's shares fell 6.5% despite stronger than expected profits, even though it provided a profit forecast that disappointed analysts, as reported by the retailer.
  • The Bank of Japan increased its key policy rate to 0.5% in January, responding to inflation rates that remain above its 2% target, according to government data.
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U.S. News broke the news in New York, United States on Thursday, February 20, 2025.
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