China Shares Rise on Easing Hopes as Factory Inflation Cools

SHANGHAI — China shares rose on Thursday, taking gains into a third straight session as slowing factory-gate inflation suggested policymakers may be able to act now to boost slowing economic growth. ** At the midday break, the Shanghai Composite index was up 1.03% at 3,675.04 points. ** China’s blue-chip CSI300 index was up 1.76%. Its financial sector sub-index rose 1.8%, the consumer staples sector jumped 2.12%, the real estate index added 2.28% and the healthcare sub-index gained 2.28%. ** China’s factory-gate inflation cooled slightly in November, driven by a government crackdown on runaway commodity prices and an easing power crunch, potentially giving policymaker some latitude to unleash more stimulus. Read More