Shares in some of China’s largest companies notched eye-watering gains on Wednesday after news that the government would support the stock market, boost economic growth, and clear up a punishing regulatory environment.
Alibaba (ticker: BABA) stock soared more than 20% in U.S. trading, with its Hong Kong-listed shares tearing 27% higher. E-commerce peer JD.com (JD) saw gains of 30% after the shares jumped more than 35% in Asian trading.
If…