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China’s Stocks Rebound From Biggest Drop in More Than a Year

China’s stocks rebounded on speculation the equity market’s plunge last week by the most in a year was excessive given the economy’s growth prospects.

Gauges of drugmakers and consumer companies jumped more than 2 percent after JPMorgan Chase & Co. recommended those industries. Agricultural Bank of China Ltd. paced gains for lenders after Caixin Online reported it and China Construction Bank denied a report that loans to property developers have been halted. Jiangxi Copper Co. and Aluminum Corp. of China Ltd. led a retreat for metal producers as China International Capital Corp. said further policy curbs may extend their declines.