Pursuits
Chinese Stocks Rise to Seven-Year High as Industrial Shares Gain
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Chinese stocks rose the most in three months, led by nuclear-related and consumer-staples companies, amid speculation the government will take more measures to bolster economic growth.
The Shanghai Composite Index rallied 2.7 percent to a seven-year high of 4,194.82 at the close. Premier Li Keqiang said this week that the government would take more targeted measures to boost the economy. Dongfang Electric Corp. paced gains for industrial shares after the State Council approved the construction of a nuclear reactor in coastal areas. Liquor makers Kweichow Moutai Co. and Wuliangye Yibin Co. soared more than 9 percent. PetroChina Co. jumped 4.3 percent.