Chinese stocks rose amid a volatile session, as investors weighed the move by commercial banks to slash lending rates against calls for increased government spending to help the economy turn a corner.
The CSI 300 Index was up 0.6% in afternoon trading, after swinging between gains and losses earlier. Small-cap gauges outperformed, with the CSI 1000 Index up 2.6%. The Beijing Stock Exchange 50 Index surged more than 14% after an official at China’s top securities regulator called for more participation from institutional investors.
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