Xinjiang-Based Stocks Rally Most in China on Government Development Plan
Xinjiang-based companies rallied in Shanghai and Shenzhen trading after China Business News reported the government may announce policies to support the development of the northwest region in May.
TBEA Co., a Chinese maker of electrical transformers, jumped 4.3 percent to 20.89 yuan at 10:35 a.m. local time in Shanghai, the most in almost five months. Xinjiang Tianshan Cement Co. rose 3.7 percent to 26.05 yuan in Shenzhen and Xinjiang Joinworld Co.?which makes aluminum products, added 2.3 percent to 21.79 yuan in Shanghai. The benchmark Shanghai Composite Index rose 0.1 percent.