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04

China Stocks Rise Most in Week as Developers, Utilities Jump

By Tony Seruga

China’s stocks rose the most in a week, led by property and power companies, amid signs the real estate market is stabilizing and speculation grew the government will add to monetary stimulus after a manufacturing gauge weakened.

The Shanghai property index climbed to a record high after Soufun Holdings Ltd. data showed home prices climbed in Beijing and Shanghai. Huaneng Power International, the biggest Chinese utility, soared 10 percent as Qinhuangdao coal prices slumped to a nine-year low. The final Purchasing Managers’ Index from HSBC Holdings Plc and Markit Economics was at 48.9, missing analysts’ estimates and signaling a contraction…

China Stocks Rise Most in Week as Developers, Utilities Jump

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