Equities firm up led by financials

SHANGHAI: Chinese stocks rose for a third day, led by financial companies and raw-materials producers, after Caijing Magazine said the government will extend support for the property market and commodities prices gained.

The Shanghai Composite Index rose 34.39, or 1.1 percent, to 3269.75 at the close, extending a two-day, 4.5 percent gain. The gauge plunged 6.4 percent last week. The CSI 300 Index added 1 percent to 3597.33.

"The key investor concerns now center on policy tightening and stimulus withdrawal," said Zhou Xi, a Tianjin-based strategist at Bohai Securities Co. "Markets are going to be very sensitive to news about any likely policy actions."