China Minzhong Food Corp. lost half its market value in less than two hours yesterday after short- seller Glaucus Research Group questioned the vegetable processor’s accounts, reviving investor concern on Chinese companies traded overseas.
Asian stocks rose this week after Chinese shares rallied amid signs the world’s second-largest economy is stabilizing, and as companies from Lenovo Group Ltd. to Tata Steel Ltd. posted profit that exceeded estimates.
Asian stocks outside Japan rose as Chinese property developers and resources companies climbed. Japanese shares fell after economic growth in the world’s third- largest economy slowed more than forecast.
Asian stocks rose, with the regional benchmark index heading for its first advance in five days, as Japanese exporters gained after the yen weakened, and China’s central bank injected funds into the money market.