(Bloomberg) -- China's key stock index rose to a
record, having taken less than two weeks to rebound from a rout
that erased more than $400 billion of market value.
China Merchants Bank Co. and property developer China Vanke
Ltd. paced gains after policy makers held off from raising
borrowing costs. Premier Wen Jiabao last week said monetary
policy needs ``moderate tightening,'' after reports showed
inflation is at a two-year high and money-supply growth exceeds
the central bank's target.
Read more at Bloomberg Stocks News
record, having taken less than two weeks to rebound from a rout
that erased more than $400 billion of market value.
China Merchants Bank Co. and property developer China Vanke
Ltd. paced gains after policy makers held off from raising
borrowing costs. Premier Wen Jiabao last week said monetary
policy needs ``moderate tightening,'' after reports showed
inflation is at a two-year high and money-supply growth exceeds
the central bank's target.
Read more at Bloomberg Stocks News
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