Bloomberg reported China’s stocks rose, driving the biggest gains for the benchmark index in five weeks.
As quoted in the market news:
Xiamen Tungsten surged by 10 percent to 41.87 yuan. The company was asked by Fujian province to play a leading role in rare earth industry consolidation, the Shanghai Securities News reported today, citing a local government plan. The government will give financial support to Xiamen Tungsten, it said.