Pursuits
Signs of Revival Spur Longest Rally Since April: China Overnight
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The benchmark index of Chinese stocks traded in New York climbed for a fourth week to cap the longest stretch of gains since April on signs Asia’s largest economy is picking up after seven quarters of slowing growth.
The Bloomberg China-US Equity Index of the most-traded Chinese companies in the U.S. added 1.9 percent last week, as software developer AsiaInfo-Linkage Inc. and circuit maker Semiconductor Manufacturing International Corp. drove gains. The iShares FTSE China 25 Index Fund, the biggest Chinese exchange-traded fund in the U.S., added 2.1 percent in the week, reaching a five-month high on Oct. 18.