Economics
Qihoo Leads Climb as Guangshen Jumps on GDP: China Overnight
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Chinese stocks climbed in New York for the first time in three days, led by Qihoo 360 Technology Co., on prospects the nation will report that Asia’s biggest economy grew at a faster pace after a seven-quarter slowdown.
The Bloomberg China-US Equity Index of the most-traded Chinese shares in the U.S. gained 0.1 percent to 101 yesterday. Guangshen Railway Co. jumped the most in a month on a report China will boost investment in the sector. Software companies Qihoo 360 Technology Co. and AutoNavi Holdings Ltd. posted the biggest rally in two weeks. Melco Crown Entertainment Ltd. traded at a premium over its Hong Kong stock for a fourth day.