China Stocks Rise as Small Caps Complete Biggest Gain Since ’08
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China’s shares climbed, with a gauge of smaller companies capping its biggest advance in more than six years, as hundreds of stocks resumed trading and export data exceeded economists’ estimates.
The Shanghai Composite Index rose 2.4 percent to 3,970.39 at the close. The small-cap CSI 500 Index rallied 6.2 percent for its best gain since November 2008. The number of halted companies fell by 408 from Friday to 1,045, or 36 percent of overall listings on mainland exchanges. PetroChina Co. dropped 4.3 percent to lead losses by the nation’s largest firms after the energy producer jumped 24 percent in the past two weeks.