Sunday, April 29, 2007

China Stocks Climb, Set for Record Month; China Vanke Advances on Earnings

(Bloomberg) -- China's stocks advanced, set to complete a record monthly gain, after Hainan Airlines Co. and Anhui Conch Cement Co. reported higher earnings and JPMorgan Chase & Co. raised its economic growth forecast for the nation.

The benchmark CSI 300 Index, which tracks yuan-denominated A shares listed on China's two exchanges, rose 52.27, or 1.5 percent, to 3522.79 at the 11:30 a.m. local-time break. It's up 27 percent since March 30, headed for the biggest monthly increase since the benchmark was introduced in April 2005.


Read more at Bloomberg Stocks News

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