Housing lift: A gauge of property stocks rose the most in seven weeks after China’s top economic planning body pledged to support bond issuance by highly-rated companies, adding to hopes for policy easing. — AP
HONG KONG: Chinese stocks jumped as investors bet next week’s economic policy meeting will signal further easing, spurring gains in property developers to infrastructure companies. Bonds tumbled the most in almost five months.
The Shanghai Composite Index advanced 1.2% at the close. A gauge of property stocks rose the most in seven weeks after China’s top economic planning body pledged to support bond issuance by highly-rated companies, adding to hopes for policy easing.
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