SHANGHAI: China stocks posted their biggest one-day percentage rise in a month on Wednesday, as investors rotated out of small caps into blue chips, with property shares surging for the second day on speculation of more government stimulus.
The CSI300 index of China’s largest listed companies rose 3.6 percent, to 3,721.95, while the Shanghai Composite Index gained 2.3 percent, to 3,536.91 points.
Both indexes had their best one-day performance since Nov. 4.
Investment flowed from more speculative small caps into relatively cheap blue chips, with a 2.2 percent slide in Shenzhen’s start-up board ChiNext, and a simultaneous surge in banking and real estate stocks .
