“China’s stocks climbed, driving the benchmark index to its biggest two-day increase in four weeks, on the prospect slowing manufacturing growth may allow the central bank to delay further increases in interest rates.
A gauge of consumer staples rose the most among 10 industry groups as inflation concerns eased after the Purchasing Managers’ Index fell to 52.9 in April from 53.4 in March. Huaneng Power International Inc. (600011) paced gains for utility stocks for a second day on speculation the government may allow power producers to boost prices. A measure of small-company stocks advanced the most since February, led by technology companies….”
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