Chinese Stocks Rise in Hong Kong as Banks Lead Large-Caps Rally
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Chinese stocks trading in Hong Kong rallied the most in two weeks amid speculation the government will take more measures to support economic growth and the slump in oil prices may be excessive.
Industrial & Commercial Bank of China Ltd. and PetroChina Co. jumped at least 3.5 percent as financial and energy shares led the advance. Power producers paced gains in Shanghai as Huaneng Power International Inc. surged 10 percent on prospects for industry reform. Leshi Internet Information & Technology Co., the second-biggest company in the ChiNext small-caps index, plunged 10 percent.