Dec
02
Chinese Stocks Rise for Fourth Day as Financial Companies Climb
ByChinese stocks rose for a fourth day, led by financial companies, as money-market rates dropped and speculation mounted the government will take steps to bolster growth in Asia’s largest economy.
The Shanghai Composite Index extended a three-day, 2.9 percent advance as investors bet recent data showing a deepening slowdown will spur the central bank to add to six interest-rate cuts since November last year. The nation’s benchmark money-market rate fell the most since September after the central bank stepped up cash injections as new share sales resumed. China Vanke Co. and China CITIC Bank Corp. led a gauge of financial stocks to a four-month high…
Chinese Stocks Rise for Fourth Day as Financial Companies Climb
