Wall St. set to open higher on Chinese stimulus hopes



Traders work on the floor of the New York Stock Exchange Wall Street was set to open higher on Wednesday as positive comments from Chinese officials kept alive hopes of further stimulus measures.

China’s Ministry of Finance said the government will strengthen fiscal policy, boost infrastructure spending and speed up reform of its tax system, adding to other steps to reenergize sputtering growth.

The Shanghai Composite .SSEC closed 2.3 percent higher and the CSI 300 index .CSI300rose 1.96 percent while Hong Kong’s Hang Seng .HSI was up 4.5 percent.

http://www.reuters.com/article/2015/09/09/us-markets-stocks-usa-idUSKCN0R91A720150909