Tibet travel, drug stocks stimulated

SHANGHAI: Tibetan tourism and drug stocks rose the most in China's benchmark stock index after the National Business Daily reported the government will increase stimulus spending and seek industry mergers in the autonomous region.

Tibet Rhodiola Pharmaceutical Holding Co, a manufacturer of local medicines, gained by the daily limit of 10 percent to 16.67 yuan in Shanghai. Tibet Shengdi Co, which provides travel services and operates restaurants, jumped 10 percent for a second day, gaining 1.18 yuan to 12.96 yuan.

The rally in the stocks comes after a high-level meeting held in the region in January, and as the government boosts investment in the less-developed regions of the country.