Economic security

Big stock rally in China bolsters markets across Asia

Stock markets in China picked up Monday right where they left off late last week, with indexes up more than 4%.

The Shanghai Composite SHCOMP, +4.55%   rose 4.5% Monday, while the Shenzhen 399106, +5.30%   was 5.7% higher. That helped lift equities in not-as-beaten-up Hong Kong HSI, +2.40%   by 2.4%. The rebound in both also helped ease the early selling seen elsewhere in the region.

China’s rally comes after last week’s report on weaker-than-expected third-quarter GDP growth. Investment bank Nomura said Monday it expects Beijing to roll out more easing and stimulus measures in the months ahead. Nomura adds 6.5% GDP might occur this quarter as well “due to a frontloading of exports” ahead of possible additional U.S. tariffs in January and “a loosening of restrictions on the anti-pollution campaign this winter.” However, Nomura expects a further Chinese economic-growth slowdown next year.