China’s Stocks Rise to Highest Since 2008 on Reserve-Ratio Cut

April 20, 2015 4:36 AM

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China’s stocks rose a seven-year high on expectations monetary stimulus will bolster the economy after the central bank cut the amount of cash lenders must set aside as reserves by the most since the global financial crisis.

Industrial companies surged the most in Shanghai, with China Railway Group Ltd. and China Shipbuilding Industry Co. jumping by more than 9 percent. Poly Real Estate Group Co. led a rally for property developers, while Agricultural Bank of China Ltd. advanced 2.1 percent in Hong Kong after the People...

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