China Stocks Jump Most in Three Weeks
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China’s stocks jumped the most in three weeks on speculation the government will announce measures to bolster the equities market after the Shanghai Composite Index fell below the 2,000 level yesterday.
The Shanghai Composite rose 2.6 percent to 2,056.32 at the close. It pared a rally of as much as 3.2 percent after a person with direct knowledge of the situation said the China Securities Regulatory Commission will hold a regular press briefing at 4 p.m. and has no plans to announce a halt on initial public offerings. The CSI 300 Index added 3.1 percent to 2,251.72.