Pursuits
Most China Stocks Advance as U.S. Data Bolster Solar Companies
This article is for subscribers only.
Most Chinese stocks rose, paring the benchmark index’s biggest weekly loss in two months, as an increase in U.S. building permits overshadowed concerns about slowing corporate earnings growth.
EGing Photovoltaic Technology Co. paced gains among companies reliant on overseas sales. CSR Corp., the nation’s biggest train maker, advanced the most in five weeks after it won contracts worth 12.7 billion yuan ($2 billion). Yunnan Copper Industry Co. dropped for a third day after first-half profit fell. Consumer staple and health-care companies, the CSI 300 Index’s best performers this year, declined.