China’s Infant-Care Stocks Extend Gains on Three-Child Policy

Chinese baby-related stocks extended gains for a second day after the nation’s surprise decision to allow all couples to have a third child.

Dairy firm Beingmate Co. jumped 10% in Shenzhen, while Fertility clinic service provider Jinfa Labi Maternity & Baby Articles Co. rose by a similar magnitude. Hubei Goto Biopharm Co., a manufacturer of steroid hormone active pharmaceutical ingredient, surged 6% and infant goods retailer Shanghai Aiyingshi Co. climbed 10%.