China stimulus hopes, chip stocks push European shares higher

(Reuters) - European shares churned higher on Friday, boosted by positive investor sentiment after China hinted of plans to spur economic growth while chipmaker stocks in the region propped up markets, helped by solid earnings news from U.S. counterparts. China's state planner said it will roll out a plan to boost disposable income this year and in 2020 to encourage consumption as the economy slows. The pan-European STOXX 600 index was 1.1% higher by 0859 GMT, with the..