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China's Stocks Rise After Trading Break Amid Targeted Stimulus

  • Mainland equities are playing catch up, Partners' Wan says
  • Technology, health-care companies are among biggest gainers
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Chinese Equities See ‘Reasonable Technical Reprieve’

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China’s stocks rose as trading resumed after a week-long holiday and investors speculated the government will take more steps to boost the world’s second-biggest economy.

The Shanghai Composite Index climbed 3 percent to 3,143.36 at the close, completing the steepest advance in three weeks. More than 900 stocks climbed, with technology and health-care companies leading gains. Trading volumes were 26 percent below the 30-day average for this time of day. Hong Kong’s Hang Seng China Enterprises Index dropped 1.6 percent at 3:16 p.m., after gaining 11 percent during the mainland break.