Chinese stocks jumped the most in two months as weaker-than-estimated economic data fueled speculation of increased stimulus and industrial shares rallied on prospects of state-fund buying.
The Shanghai Composite Index rose 3.2 percent to 3,007.74 at the close, its biggest gain since Nov. 4. China Railway Group Ltd. and Power Construction Corp. of China both surged by the daily limit. Data on Tuesday showed China’s economic growth missed analysts’ estimates last quarter, while industrial production, retail sales and fixed-asset investment all slowed at the end of the year. The government may further ease monetary policy such as cutting interest rates or lenders’ reserve-requirement ratios, according to Northeast Securities Co. and Central China Securities Co.
