Asian Stocks Rise as Chinese Short-Selling Measures Stem Rout
This article is for subscribers only.
Asian stocks rose, led by a rally in Chinese shares, after regulators imposed limits on short selling equities on the mainland in the latest effort to stabilize the market.
The Shanghai Composite Index climbed 3.7 percent. Noble Group Ltd. surged 28 percent, rebounding from its largest monthly slump since 1999 when it lost 40 percent. Harvey Norman Holdings Ltd. soared 6.1 percent in Sydney, the most since January, as Credit Suisse Group AG advised buying shares of the home-improvement chain.