Stocks up led by consumer sector
By Bloomberg | China Daily | Updated: 2016-07-27 07:26
Stocks climbed the most in two weeks on Tuesday, led by consumer companies, amid optimism the economy was stabilizing, as a rally by casino shares led Hong Kong equities to their highest level this year.
The Shanghai Composite Index climbed 1.1 percent at the close, the first time it's moved more than 1 percent in either direction in two weeks. Dairy-product maker Inner Mongolia Yili Industry Group Co jumped the most in nearly two months, while SAIC Motor Corp led gains in consumer-discretionary companies.
Sands China Ltd advanced the most since March in Hong Kong after the company said its mass-market gaming revenue in Macao rose for the first time in two years.
Photo