China stocks rise most in a month as officials pledge support

(Oct 19): Chinese stocks jumped, headed for their biggest gain in a month, after top financial officials voiced support for the battered equity market.

The Shanghai Composite Index rose 2.2% to 2,540.06 as of 2:21 p.m. local time. The gauge earlier fell as much as 1.5%, breaking below the key 2,500 level. The Shenzhen Composite Index also gained 2.2%, while the ChiNext Index of smaller companies was headed for its biggest jump since June. While the gains accelerated in afternoon trading, the gauges were still set for a weekly drop.

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