Nike Surges Most Since 2011 as Margins, China Rebound

Nike Inc., the world’s largest sporting-goods company, surged the most in more than four years after easing investors’ concerns that its profitability and business in China were weakening.

The shares rose 11 percent to $59.53 at the close in New York for the largest gain since Oct. 28, 2008. Nike has advanced 15 percent this year, compared with a 9.1 percent gain in the Standard & Poor’s 500 Index.