February 4, 2010
Tibetan tourism and drug stocks rose the most in China’s benchmark stock index after the National Business Daily reported the government will increase stimulus spending and seek industry mergers in the autonomous region.
Tibet Rhodiola Pharmaceutical Holding Co., a manufacturer of local medicines, gained by the maximum limit of 10 percent to 16.67 yuan at 11:30 a.m. break in Shanghai.
Tibet Shengdi Co., which provides travel services and operates restaurants, jumped 10 percent for a second day, gaining 1.18 yuan to 12.96 yuan.
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The rally in the stocks comes after China’s biggest Tibetan policy conference in seven years, and as the government boosts investment in the poorer regions of the country to reduce the possibility of social unrest following riots in Lhasa in July.
U.S. President Barack Obama plans to meet with exiled Tibetan leader Dalai Lama later this month.
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