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China’s Stocks Rally Most in 4 Months; Aluminum Corp. Gains
- China Aluminium Network
- Post Time: 2009/3/9
- Click Amount: 447
China’s stocks rose, driving the benchmark index to its biggest gain in four months, on speculation the government will announce new stimulus measures to revive the world’s third-largest economy.
Aluminum Corp. of China Ltd. and Jiangxi Copper Co. surged at least 8 percent after the former statistics bureau head Li Deshui said Premier Wen Jiabao will announce a new “stimulus package” tomorrow in his annual address to the nation’s legislature. Stocks also gained after the official manufacturing index rose for a third month, signaling that the economy may be edging closer to a recovery.
Source: Bloomberg
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