China Stocks Rise to Two-Week High as Economy Seen Stabilizing
- Industrial firms pace gains after July producer-price data
- China Film Co. jumps by the 44% limit in its Shanghai debut
Jeffrey: China Is Stabilizing but It's Not out of Woods
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Chinese stocks climbed to a two-week high, led by consumer and industrial companies, on signs of stabilization in the world’s second-largest economy.
The Shanghai Composite Index climbed 0.7 percent to its highest close since July 26. Dongxu Optoelectronic Technology Co. led gains by manufacturers after China’s factory-gate deflation eased in July for a seventh month in a row. China Film Co., the nation’s largest movie distributor, jumped by the 44 percent first-day limit in its Shanghai debut. The Hang Seng Index dropped from an eight-month high in Hong Kong.