Economics
China Stocks Cap Best Weekly Rally Since 2009 on Record Volumes
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China’s stocks capped the steepest weekly rally since 2009 in a volatile session that spurred the benchmark index’s biggest swings in four years and sent turnover above 1 trillion yuan ($163 billion) for the first time.
The Shanghai Composite Index rose 1.3 percent to 2,937.65 at the close, after gaining as much as 2.7 percent and falling 3 percent. Haitong Securities Co. and China Construction Bank Corp. led a rally for financial shares, adding more than 7 percent. Bank of China Ltd. jumped 4.5 percent after losing as much as 3.1 percent. The nation’s securities regulator said today investors should keep in mind there are risks in stocks.