By Chua Kong Ho
July 14 (Bloomberg) -- China's stocks rose for the first time in three days as mining companies advanced along with prices of gold and copper.
Shandong Gold Mining Co. and Yunnan Copper Industry Co. advanced along with gold and copper prices. China Petroleum & Chemical Corp. and PetroChina Co., the country's two largest refiners, declined as oil climbed above $147 a barrel to a record on July 11.
The CSI 300 Index, a measure of 300 yuan-denominated stocks traded in Shanghai and Shenzhen, gained 21.91, or 0.7 percent, to 2,975.41, as of 10:24 a.m. local time, reversing a loss of 1.2 percent. About three stocks advanced for each that declined.
To contact the reporter responsible for this story: Chua Kong Ho in Shanghai at Kchua6@bloomberg.net
Monday, July 14, 2008
China's Stocks Gain, Led by Mining Companies on Higher Prices
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