China’s Stocks Rise to Six-Week High
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China’s stocks rose, sending the benchmark index to a six-week high, on speculation the government will introduce measures to boost equities before a leadership transition next month.
GF Securities Co. climbed 2.6 percent, leading gains among brokerages, after the regulator scrapped administrative reviews on securities firms’ asset management businesses. Henan Shuanghui Investment & Development Co., the listed unit of China’s biggest hog processor, added 1.8 percent after third-quarter profit more than doubled. Inner Mongolia Baotou Steel Rare-Earth Hi-Tech Co., China’s biggest producer of rare earth, declined the most in a month after earnings slumped.