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First leadership meeting lifts stocks in China

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real_estate December 5, 2012 (Chinavestor) Chinese stocks rocked early December after the first official meeting of the new leadership took place. The leaders expressed confidence that 2012 goal are to be met, restoring confidence to the markets. The Shanghai Composite index (SHA:000001) surged 56.8 points or 2.8% on Wednesday while the Hang Seng Index (INDEXHANGSENG:.HSI) rose 470.9 points or 2.1% at the same time. The rally was universal, all but one out of the 50 largest components of the Shanghai composite advanced. A similarly broad rally took place in Hong Kong.

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