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Chinese ADRs Head for Fourth Quarterly Gain on Stimulus Outlook
Chinese stocks traded in the U.S. are poised for a fourth straight quarterly gain amid speculation that the government will take further steps to boost the slumping economy. The Bloomberg China-US Index jumped 1 percent to 115.76 on March 27, pushing its quarterly gain to 6 percent. The biggest U.S. exchange-traded fund tracking the country’s stocks has risen 3.6 percent in the first three months of this year. JinkoSolar Holding Co. led a rally among renewable energy stocks as the government raised its solar installation target. The rally in the U.S.-traded stocks compared with a 14 percent gain this year in the ... (full story)
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