China’s stocks rallied, sending the benchmark index to its biggest two-day gain in 18 months, on speculation the government will take measures to bolster economic growth.
Industrial Bank Co. (601166) jumped 10 percent, Haitong Securities Co. surged 9.9 percent and China Life Insurance Co. rose 6.5 percent as a gauge of financial companies in the CSI 300 Index gained the most since March 2009. Poly Real Estate Group Co. (600048), China’s second-largest developer, advanced 6.1 percent after reporting higher first-half profit. Anhui Conch Cement Co. and Inner Mongolia Baotou Steel Rare-Earth Hi-Tech Co. paced a rally for material producers with gains of more than 7 percent.
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Bloomberg News via CHINA US Focus http://feedproxy.google.com/~r/ChinaUsFocus/~3/sV_BJJ1AxzM/
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