(Bloomberg) -- China's stocks rose for a second day
after a government report showed profits generated by industrial
companies jumped 42 percent in the first five months. Shanghai
Automotive Co. gained.
``The figures boosted optimism about first-half earnings
for listed companies,'' said Yan Ji, an investment manager at
HSBC Jintrust Fund Management Co. in Shanghai, which manages
about $517 million. ``Growth is still pretty fast.''
Read more at Bloomberg Stocks News
after a government report showed profits generated by industrial
companies jumped 42 percent in the first five months. Shanghai
Automotive Co. gained.
``The figures boosted optimism about first-half earnings
for listed companies,'' said Yan Ji, an investment manager at
HSBC Jintrust Fund Management Co. in Shanghai, which manages
about $517 million. ``Growth is still pretty fast.''
Read more at Bloomberg Stocks News
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