China’s Stocks Post Biggest Weekly Gain in 19 Months on Stimulus
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China’s stocks rose for a sixth day, capping the benchmark index’s biggest weekly gain in 19 months, amid speculation the government is accelerating measures to support the economy and reverse a four-year slump in equities.
Haitong Securities Co. advanced 1.6 percent for a sixth day of gains on the prospect a recent jump in share trading will boost earnings. CSR Corp. and China CNR Corp., the nation’s two biggest train makers, jumped at least 2.1 percent after a Caixin report the government wants them to merge. The two companies said no plans had been submitted. Anhui Xinhua Media Co. slid 0.9 percent, paring this week’s rally to 12 percent.