China Stocks Jump to Highest in Weeks as Support Measures Mount
- Hang Seng China gauge closes at highest level since Jan. 4
- Foreigners snap up nearly $2 billion of mainland shares
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Chinese stocks rallied as authorities clamped down on trading by quant funds, the latest in a series of endeavors to put an end to the rout.
The Hang Seng China Enterprises Index advanced 2.2% to close at its highest level in seven weeks. Property developers were among the biggest gainers following a state media report on billions of dollars worth of funding approved for the sector.