Skip to content
Subscriber Only

China’s Stocks Rise After Valuations Drop to Lowest Since August

China’s stocks rose, led by health-care and consumer-related companies, after the benchmark index’s valuations plunged to the lowest level since August.

Shanghai Fosun Pharmaceutical Group Co. led gains for health-care companies, surging 6.2 percent for a 17 percent advance this week. Sichuan Changhong Electric Co. jumped 7 percent. Anhui Huilong Agricultural Means of Production Co. surged 4.1 percent after the Xinhua News Agency said Anhui province plans to allow farmers to sell their land. Shanghai Pudong Development Bank Co. paced losses for financial shares.