China's Stocks Advance for Second Day Amid Stimulus Speculation
Stocks Rally in China, Japan on Economic Optimism
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China’s stocks advanced for a second day, led by small-company shares, amid speculation the government will step up stimulus to revive the flagging economy.
The Shanghai Composite Index climbed 2.3 percent to 3,243.09 at the close, with more than 30 stocks advancing for each that fell. The gauge jumped 2.9 percent on Tuesday, with almost all of the gains coming in the last hour of trading on speculation state funds stepped in to buy shares. The ChiNext measure of small-capitalization shares increased 3.5 percent.