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China Stocks Rally on Economic Reforms

Posted by Chris Advincula on Nov 18, 2013 6:35:00 AM

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Source: Bloomberg

 

Stocks rose for a third day in China surging the most since December 2011, as the government pledged to boost private investments and to ease the one-child policy as  part of the highly anticipated economic reform since 1990.

Citic Securities and China Life Insurance Co. rose 8 percent to lead gains for the financial sector. The infant formula producer, China Mengniu Dairy Co. rose 4.8 percent. The Hong Kong Hang Seng Index rose 627.91 points to 23,660.06 (+2.73%). The Shanghai Shenzhen CSI 300 Index rose 78.17 points to 2,428.90 (+3.33%)

 

Chris Advincula

WorldWideMarkets

 

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