China’s stocks rebounded from a four-year low, led by financial companies, after money-market rates dropped and on speculation the government will ease financing for developers to alleviate a credit crunch.
Most Asian stocks fell, with the regional benchmark index reversing an earlier gain, as Chinese banks led declines on renewed concern the nation will raise interest rates, hampering the global economic recovery.
China’s benchmark stock index rose, paring a weekly loss, after valuations dropped to the lowest level in three months. Airlines and railway shares advanced, overshadowing losses by property developers.
Ping An Bank Co., the first lender to report earnings next week, led a rally for financial stocks on speculation a slump that sent valuations to the biggest discount in a month compared with a broader index was excessive.
China’s stocks fell, capping the benchmark index’s first weekly losses in a month, as slumping corporate earnings overshadowed speculation the central bank will ease monetary policy to boost economic growth.
China’s stocks fell, sending the benchmark index to the lowest in seven months, on concern ordering banks to set aside more reserves won’t be enough to avert asset bubbles in the world’s third-largest economy.
China’s stocks rose, driving the benchmark index to its longest stretch of weekly gains in seven months, on speculation the central bank may take more measures to boost economic growth and signs that a cash crunch is easing.
China’s stocks rebounded, capping a second week of gains for the benchmark index, as concerns about faster inflation and a property bubble spurred investors to switch to drugmakers and other so-called defensive industries.