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China shares up 3%; Glencore announces asset sale

Squawk Box Live tracked global market reaction as Asian shares extended this month's rally. Chinese shares led the gains after the country's central bank said the market's correction was "almost over."

Meanwhile in the U.K., commodity trading firm Glencore announced an asset sale of its Chilean and Australian mines. This came after a hefty bout of volatility in recent weeks for Glencore shares which have been hit with the fall in commodity prices.

Here's how the morning unfolded.

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