China Stocks Rise for First Time in Nine Days, Paring Month Loss
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China’s stocks rose, ending the longest losing streak for the benchmark index since December 2008, as investors speculated losses were excessive.
Huaneng Power International Inc., the listed unit of China’s largest power group, advanced the most in three weeks after a government official said electricity prices will be raised. China Shenhua Energy Co. led energy companies higher as coal and oil prices increased. Poly Real Estate Group Co. slid to a six-month low after the Shanghai Daily said the central bank may boost interest rates as soon as this weekend.