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Monday, May 26, 2014

China Stocks Climb on Policy Support Speculation; Carmakers Jump

Posted by PT KONTAK PERKASA FUTURES BALIKPAPAN On 12:06 AM No comments


China stocks rose, sending the benchmark index to the highest level in almost two weeks, amid speculation policy makers will take further steps to bolster economic growth.
The Shanghai Composite Index climbed 0.4 percent to 2,042.52 as of 10:08 a.m. local time after Premier Li Keqiang said the nation will fine-tune policy to support the economy. SAIC Motor Corp. and Avic Aircraft Co. paced gains among transportation companies after President Xi Jinping urged development of new energy vehicles and said the nation should invest more to develop airliners.
Copy Source: Bloomberg

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