Chinese stocks fluctuated as the benchmark gauge’s steepest rally since March ran out of steam, with financial and materials companies advancing while consumer-discretionary shares declined.
The Shanghai Composite Index added 0.1 percent as of 10:03 a.m. local time, after falling as much as 0.2 percent. The gauge jumped 3.3 percent Tuesday amid optimism the nation’s equities will be included in MSCI Inc.’s international indexes. Jiangxi Copper Co. led a gauge of metals producers higher after saying it will set up set up an overseas mining fund. Midea Group Co. fell in Shenzhen as Germany explored ways to stop a takeover of robot maker Kuka AG by the Chinese company.
Source : Bloomberg