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China stocks extend rally on Jan 19

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advance6 January 19, 2012 (Chinavestor) News that China will let banks to lend more again continued to fuel the rally of key stock market indices. The Hang Seng Index (INDEXHANGENG:.HSI) rose 256.0 points or 1.3% while the Shanghai Composite Index (SHA:000001) advanced 29.7 points or 1.3%. The rally was universal in both markets with insurance, real estate and commodity stocks taking the lead.

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Ping An Insurance (HKG:2318) and Aluminum Corp. of China (HKG:2600) were among the best performing components of both the Hang Seng index (INDEXHANGSENG:.HSI) and the Xinhua China 25 Index. Huaneng Power Int. (HKG:0902).

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