Nov
04
China’s Stocks Advance Most in Seven Weeks as Financials Rally
By-
PBOC inadvertently boosts shares with dated Zhou comments
-
Fujian-related companies rise as China, Taiwan leaders to meet
China’s stocks rose the most in seven weeks, led by financial and technology companies, after the government unveiled its five-year plan to bolster the economy and investors speculated on the start of a trading link between Shenzhen and Hong Kong.
The Shanghai Composite Index climbed 4.3 percent to 3,459.64 at the close, the biggest gain since Sept. 16. China’s central bank unintentionally sparked a surge in stocks by publishing five-month-old comments from governor Zhou Xiaochuan that said a link between exchanges in Shenzhen and Hong Kong would start in 2015. The Hang Seng China Enterprises Index added 2.7 percent, paring a jump of as much as 4 percent…
China’s Stocks Advance Most in Seven Weeks as Financials Rally
