Stocks rise despite A-shares decision

Chinese stocks rose the most in two weeks on Wednesday as regulators and investors shrugged off a decision by MSCI Inc not to add A-shares to one of its key benchmark indexes.

Deng Ge, spokesman for the China Securities Regulatory Commission, said in a statement, "The decision by MSCI to delay the A-share inclusion will not affect the opening of the Chinese capital market and the process of market-driven reform with emphasis on the rule of law."

The Shanghai Composite Index rose by 1.58 percent to close at 2,887.21 points, while the ChiNext index, which tracks innovative startup companies in Shenzhen, rose by 3.42 percent to close at 2,128.8.