Chinese Shares Eke Out Gain as Volatility Drops to Two-Year Low
- Investors waiting for new economic leads, strategist says
- Hong Kong stocks reverse losses as new closing auction debuts
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Chinese equities edged higher after swinging between gains and losses for much of the day, with an advance in consumer stocks helping offset losses by some energy companies.
The Shanghai Composite Index added 0.1 percent, after changing direction at least seven times and falling as much as 0.3 percent. Hualan Biological Engineering Inc. rallied more than 4 percent, leading a gauge of health-care stocks higher, while a measure of energy shares declined. The Hang Seng Index in Hong Kong climbed at the close as the bourse operator reintroduced a stock closing auction on Monday.