Equities edge up on stimulus assurances

Chinese stocks rose, rebounding from the biggest weekly loss in three months, after the government pledged to maintain stimulus policies next year.

Consumer-related companies led the gains. Suning Appliance Co, the nation's biggest home appliance retailer, and Kweichow Moutai Co, the largest producer of spirits by market value, surged more than 5 percent.

The Shanghai Composite Index added 99.04, or 3.2 percent, to 3195.3 at the close, the biggest gain since Oct 9 and capping a third monthly advance. The measure plunged 6.4 percent last week on concern banks will sell shares to replenish capital depleted by record loan growth. The CSI 300 Index gained 3.8 percent to 3511.67 yesterday.