China's Stocks Rebound from Biggest Loss in Month Before Plenum
- ChiNext rallies after Wednesday's plunge on valuation concern
- Chinese technology, health-care, consumer shares lead gains
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China’s stocks rebounded from the steepest loss in a month as technology and health-care companies rallied ahead of a top-level Communist Party meeting next week to discuss the nation’s economic and social plans for the next five years.
The Shanghai Composite Index climbed 1.5 percent to 3,368.74 at the close, after plunging 3.1 percent on Wednesday. East Money Information Co. and Lepu Medical Technology Beijing Co. climbed more than 6 percent. Industrial & Commercial Bank of China Ltd., which is reporting earnings later this month, slumped 2.5 percent to lead declines for lenders on concern the slowing economy may have hurt profit growth.