Chinese Stocks Rise to Two-Week High as Price Swings Wane
- Days of wild swings may be over, Jingxi Investment's Wang says
- Technology shares, gold companies lead advance in Shanghai
This article is for subscribers only.
Chinese stocks rose to a two-week high as volatility slumped amid growing investor confidence state intervention has stabilized equities.
The Shanghai Composite Index climbed 0.9 percent to 3,647.93 at the close, led by technology and gold companies. While price swings in the gauge have fallen to an eight-month low and the number of new investors jumped to a four-month high, turnover slumped with trading volumes 19 percent below the 30-day average on Wednesday.