China’s stocks, yuan up as investors expect interest rate cut after US example


China stocks closed higher on Thursday, on rising investor bets Beijing will lower a key domestic rate to help bolster the economy following a U.S. Federal Reserve rate cut.

The blue-chip CSI300 index rose 0.4%, to 3,924.38, while the Shanghai Composite Index added 0.5% to 2,999.28 points.

The Fed cut interest rates...