Pursuits
Chinese Stocks Rise as Subway Plan Stokes Stimulus Speculation
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Chinese stocks rose for the first time in three days on speculation policy makers will take more steps to stimulate the economy after a government agency approved subway plans for 18 cities.
China Railway Construction Corp. climbed the most in five months. LandOcean Energy Services Co., which makes drilling equipment for oil and shale gas, advanced to the highest close since April after Shanghai Securities News said the nation plans to auction five shale-gas blocks in Hunan province. Kweichow Moutai Co. led consumer-related shares lower as Goldman Sachs Group Inc. cut its forecast for the country’s growth outlook.