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China Stocks Rise as Technology Gain Overshadows Profit Concern

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Chinese stocks rose, paring the benchmark index’s biggest quarterly loss since 2008, as a rally for technology companies overshadowed a report showing industrial companies’ profits dropping the most in at least four years.

The Shanghai Composite Index climbed 0.3 percent to 3,100.76 at the close, erasing a loss of as much as 1.6 percent. About four stocks advanced for each one that fell as turnover plunged before the start of a week-long holiday from this week. Wangsu Science & Technology Co. jumped 10 percent. Hong Kong’s stock market was shut for the Mid-Autumn festival.