China Stocks Climb Most in Week as Rate Cut Aids Builders

China’s stocks rose, sending the benchmark index to its biggest advance in a week, as developers and industrial companies gained on the central bank’s second interest-rate cut in a month, overshadowing losses by banks.

The Shanghai Composite Index climbed 1 percent to 2,223.58 at the close, after slumping as much as 0.7 percent. The index changed direction at least 10 times as trading volume was 27 percent higher than the 10-day average. A gauge of property companies rallied 3.5 percent, the most among the five groups, followed by industrial companies.