Suning, BYD Shares Rally on Chinese Government Subsidies
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Suning Appliance Co. and BYD Co. paced gains on speculation demand will increase after China announced new subsidies for the consumer electronics and automobile industries.
Suning, China’s biggest electronics retailer by market value, rallied 1.65 percent to 9.87 yuan at the close of trading in Shenzhen. BYD gained 4 percent to 25.12 yuan, snapping seven days of losses. The benchmark Shanghai Composite Index climbed