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Most China Stocks Rise as Moutai, CSR Gain; Property Shares Drop

Most Chinese stocks rose as gains for consumer-staples producers and trainmakers overshadowed losses for property developers.

Liquor maker Kweichow Moutai Co. surged to the highest level in six months. Trainmaker CSR Corp. jumped 4.7 percent after the shares were upgraded to buy at Citigroup Inc. China Vanke Co. and Poly Real Estate Group Co., the nation’s biggest developers, slumped at least 1 percent after official data showed the number of cities that reported housing-price gains fell last month. Zhejiang Xingrun Real Estate Co., a private developer, collapsed with 3.5 billion yuan ($566.6 million) in debt, government officials familiar with the matter said.