Economics
China’s Stocks Rise Most in Week, Led by Consumer Shares
This article is for subscribers only.
China’s stocks rose, sending the benchmark index to its biggest gain in a week, as renewed economic optimism overshadowed concern that new equity sales will divert funds from existing shares.
Liquor maker Kweichow Moutai Co. jumped the most in almost three months as consumer-staples producers rallied the most among industry groups. Sichuan Swellfun Co. surged 10 percent. BYD Co., the automaker partially owned by Warren Buffett’s Berkshire Hathaway Inc., rose 4.3 percent in Hong Kong.