Economics
China’s Stocks Rise Most in Two Weeks on Policy Speculation
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China’s stocks rebounded, halting a six-day slide for the benchmark index, on speculation the government will lower lenders’ reserve-requirement ratios and ease credit curbs to prevent the economy from slowing further.
China Vanke Co. and Huaxia Bank Co. rallied more than 3 percent after the Securities Times reported banks in major cities are offering lower mortgage rates for first-time home buyers. Jiangxi Copper Co. led gains for materials companies as U.S. economic data bolstered the outlook for commodities demand. New China Life Insurance Co., the third-biggest life insurer, jumped 13 percent in its debut. Stocks rebounded in the last 45 minutes of trading after fluctuating for most of the day.