China's stocks reach one-month highs before IPO

Chinese equities advanced on Tuesday rising to the strongest level in a month mainly due to an increase of materials and steel companies after a money-market rates drop for a third straight day before the next month's resumption of IPO. The Shanghai Composite Index added 0.9% to 2,227.78 as of 2:36 p.m., while the CSI 300 Index gained 1.2% to 2,447.47 and the Hang Seng China Enterprises Index shed 0.6% to 11,475.95.