Bloomberg News

China’s Shanghai Composite Index Rises, Erasing Earlier Decline

May 02, 2012

China’s stocks rose, erasing earlier losses on speculation the central bank will ease monetary policy to boost economic growth.

The Shanghai Composite Index gained 0.1 percent to 2,439.69 at 9:48 a.m. local time, wiping out a loss of as much as 0.3 percent.

To contact the reporter on this story: Weiyi Lim in Singapore at

To contact the editor responsible for this story: Chan Tien Hin at

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