Pursuits
China Stocks Halt Two-Day Drop as Data Show Economy Stabilizing
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China’s stocks rose for the first time in three days as higher-than-estimated growth in industrial output and the broadest gauge of credit as well as a jump in new home sales signaled the nation’s economy may be stabilizing.
Technology and health-care companies led gains, with Neusoft Corp. and Harbin Pharmaceutical Group Co. surging at least 6.8 percent. Data on Thursday showed industrial output rose 6.1 percent last month, compared with the median analyst estimate of 6 percent. Growth in retail sales accelerated, while aggregate financing and new loans beat projections and new-home sales surged 30 percent.