KEY TAKEAWAYS U.S.-listed Chinese companies from Alibaba to Temu parent PDD and China-focused ETFs surged Thursday following reports of more bailouts for the country's suffering economy.Bloomberg reported that Beijing is planning to inject around $140 billion into its largest state lenders to prop up the economy.

The last week has been a “whole shift” from the Chinese government as it brings out the “big guns” policy-wise to support growth, hedge fund billionaire David Tepper told CNBC’s “Squawk Box” on Thursday morning, adding he’s buying “everything” he can get his hands on tied to Chinese equities.

China’s stock market surged the most in more than two years and industrial commodity prices bounced after Beijing on Tuesday unleashed a swathe of stimulus measures.

By Rae Wee SINGAPORE (Reuters) -Asian stocks bucked the global trend to extend a China-led rally on Thursday, fuelled by persistent optimism over the country's aggressive stimulus package and news that more support could be in the works.

Chinese stocks extended their gains on Wednesday as investors continued to bet that Beijing’s latest stimulus measures would help drive a market turnaround and kickstart the country’s sluggish economy.

Mainland China’s CSI 300 has notched a five-day winning streak, hitting its highest levels in almost two months after Beijing rolled out a slate of economic stimulus measures on Tuesday.

Stocks globally struggled on Wednesday to maintain momentum fuelled by China's monetary stimulus measures, with crude oil retreating and the dollar under pressure.

Stock markets diverged and oil prices fell on Wednesday as China's latest measure to bolster its economy, the world's second-largest, failed to sustain another global rally.

Hong Kong and Shanghai led another rally across markets on Thursday as China unveiled further economy-boosting measures following a raft of stimulus this week. China announced a fresh batch of measures to boost jobs -- particularly among young people -- and help the poorest with handouts,