"Stocks in China posted their biggest one-day gain in a month after weak economic data lifted expectations Beijing would boost spending and continue to prop up the market by buying shares. The Shanghai Composite Index finished up 4.9% at 3928.42 Monday, while the smaller Shenzhen Composite was up 4.5% at 2274.84. Stocks in the shipping, infrastructure and manufacturing sectors led the gains, after poor trade data from the weekend fueled hopes of increased infrastructure spending and state-owned enterprise reform. Monday's moves offer yet another signal that anticipation of Beijing's measures drives the market more than economic fundamentals," The Wall Street Journal reports.
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