China’s Stocks Rise First Time in Three Days; Automakers Rally
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China’s stocks rose for the first time in three days as gains by automakers and Jiangxi Copper Co. overshadowed losses by liquor-makers.
Chongqing Changan Automobile Co. rose the most in three weeks after an auto dealer group said industry sales will pick up. China Communications Construction Co. jumped 5.5 percent after earnings topped estimates, while Jiangxi Copper climbed 1.5 percent as profit rose. Kweichow Moutai Co., the maker of high-end spirits, retreated 1.8 percent.