October 11, 2011, 12:15 AM EDT
By Bloomberg News
Oct. 11 (Bloomberg) ? China?s stocks rose, spurring a rebound for the benchmark index from the lowest level in more than two years, after China?s state-run investment arm said it began buying shares of the nation?s four biggest banks.
Industrial Commercial Bank of China Ltd. climbed the most in six weeks while China Construction Bank Corp., Agricultural Bank of China Ltd. and Bank of China Ltd. jumped at least 2 percent after Central Huijin Investment Ltd. acquired their shares. The stock market pared gains as
Article source: http://www.businessweek.com/news/2011-10-11/china-s-stocks-rise-after-sovereign-wealth-unit-buys-bank-shares.html
Source: http://worldnewstweets.com/2011/10/chinas-stocks-rise-after-sovereign-wealth-unit-buys-bank-shares/
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