China's reform plan boosts stocks

|By:, SA News Editor

Asian shares mostly rise following the release of China's economic reform plan on Friday, with Hong Kong-listed Chinese shares jumping 5.7%, the Shanghai Composite 2.9%, and the Hang Seng 2.7%.

Analysts at ANZ called the program "the biggest freeing up of China's economic policy since the 1990s." If implemented successfully, it would "substantially reduce the downside risks to China's economy."

Elsewhere in Asia, Japan flat after surging 7.7% last week, and India +2.2%.

Chinese ETFs: FXI, GXC, PGJ, FXP, HAO, YINN, TAO, CHIQ, CHIX, YANG, PEK, MCHI, XPP, CQQQ, QQQC, YAO, CHXX, CHII, CHXF, ECNS, CHIE, YXI, CHIM, ASHR, KFYP, KWEB, FCA, TCHI, CHNA

This was corrected on 11/18/2013 at 06:41 AM. Japanese shares were incorrectly stated as having fallen 0.1%.