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Shanghai leads China stocks higher on Wednesday

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advance6 June 13, 2012 (Chinavestor) China stocks rose the most in a month in Shanghai as investors snapped up stocks ahead of expected government measures to stimulate the economy.  The Shanghai Composite Index (SHA:000001) surged as much as 29.1 points or 1.3% in a broad rally. Stocks that advanced outnumbered those that fell ten to one among the 50 largest components of the Shanghai Composite Index (SHA:000001).

Similarly to the mainland, stocks rose in Hong Kong on Wednesday. The Hang Seng Index (INDEXHANGSENG:.HSI) rose 154.0 points or 0.8%. Upstream energy stocks led the index higher but airliners succumbed to profit taking after a record two day advance earlier the week.

Investors in Hong Kong keep a close eye on the US and Europe given their export oriented economy and currency that is pegged to the dollar.

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