Economics
China’s Stocks Rise Most in Two Weeks on Manufacturing, Fee Cut
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China’s stocks rose the most in two weeks after manufacturing expanded at a faster pace and the nation’s two stock exchanges said they will cut trading fees by 25 percent to attract investors.
Citic Securities Co. and Haitong Securities Co. led brokerages higher on speculation the regulators’ move may boost stock trading. Jiangxi Copper Co. and Yunnan Copper Industry Co. gained more than 6 percent after the Purchasing Managers’ Index rose to 53.3 in April, the fastest pace in a year. SAIC Motor Corp., the biggest Chinese automaker, climbed the most in a month after first-quarter net income increased.