Visa, MasterCard Surge on China Move to End Card Monopoly
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Visa Inc. and MasterCard Inc., the world’s biggest payments networks, climbed the most since October after China’s government indicated it plans to end a monopoly in bank-card clearing.
Visa gained 4.1 percent to close at $68.01 in New York, the best performance in the Dow Jones Industrial Average. MasterCard advanced 3.9 percent to $91.20.