China stocks end up 4 pct on stimulus hopes

Chinese stocks rose sharply in active trade on Wednesday, led by financials and producers of coal and base metals, on hopes that a meeting of top economic policy makers next week would come up with fresh stimulus steps for the economy.

The Shanghai Composite Index <.SSEC> closed 4.01 percent higher at 1,965.414 points, only marginally off the day's high of 1,965.830.

The annual central economic work conference from next Monday to Wednesday will discuss how to implement a big fiscal stimulus package and monetary easing. With government officials warning that China's economic downturn accelerated in November, the market thinks the meeting may take strong action. [ID:nL2217672]

Wen Xianjun, vice chairman of state-funded China Nonferrous Metals Industry Association, said on Wednesday that the government was considering buying all types of base metals as reserves to help boost domestic demand. [ID:nHKG161689]

This helped shares in companies such as Aluminium Corp of China <601600.SS>, which climbed 4.82 percent to 7.83 yuan. Coal shares also surged on hopes for a boost to demand, with Shenhua Energy

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