China Stocks Rise for 6th Day as Easing Bets Spur Record Trading
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China’s stocks rose for a sixth day, sending the benchmark index to a three-year high on record turnover, after the government loosened monetary policy further to support the world’s second-biggest economy.
China Everbright Bank Co. and Bank of Communications Co. advanced more than 4 percent. China Life Insurance Co. climbed 5.9 percent, extending a five-day, 28 percent gain. Yanzhou Coal Mining Co. led a rally for energy shares, surging 4.2 percent. The central bank didn’t drain funds from the financial system using repurchase agreements, according to a trader at a primary dealer required to bid at the auctions.