China Stocks Post Best Two-Day Gain Since 2009 on Stimulus Bets
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China’s stocks rallied, sending the benchmark index to its biggest two-day gain in five years, on a drop in money-market rates and speculation the government will take more measures to bolster the economy.
Financial companies led the surge with China Citic Bank Corp. and China Life Insurance Co. rising at least 5 percent. Citic Securities Co. and Haitong Securities Co., the biggest Chinese brokerages, jumped by the 10 percent daily limit. Sany Heavy Industry Co. climbed to a 20-month high after the government pledged to increase machinery exports.