Stocks rise to 4-month high

Mainland stocks rose to a four-month high after the nation's leaders signaled at an economic meeting that they will take further steps to support growth.

The Shanghai Composite Index climbed 0.3 percent to 3,651.77 points at the close on Tuesday, the highest level since Aug 20. Jiangxi Copper Co and Anhui Conch Cement Co led gains for material producers and property developer Gemdale Corp surged to a record high after the Central Economic Work Conference concluded with plans to increase fiscal spending and measures to stimulate the housing market.

"The top has come up with growth-boosting measures," said Wei Wei, an analyst at Huaxi Securities Co. "That'll probably stabilize the economy. The market is likely to be range bound as we approach the New Year holidays."