Shares rally on rate cut expectations

China's stocks rose, driving the benchmark index to its biggest gain in two weeks, on speculation the central bank will lower borrowing costs to revive growth in the world's third-largest economy.

Poly Real Estate Group Co, the country's second-largest developer by market value, climbed 8.4 percent and Jiangxi Copper Co, the nation's biggest producer of the metal, jumped 10 percent.

"There's speculation in the market that the central bank will cut both interest rates and the reserve ratio requirement," said Zheng Tuo, a fund manager at Bank of Communications Schroders Fund Management Co in Shanghai. A People's Bank of China spokesman declined to comment on any rate reductions.