Equities rebound on fresh stimulus moves

SHANGHAI: Mainland shares rose for the first time in three days, led by household-goods makers, after the government extended policies to boost consumption. Developers fell after the government scrapped a tax break on property sales.

Hisense Electric Co, a manufacturer of flat-panel televisions, advanced 5.8 percent to a record of 24.35 yuan, while Gree Electric Appliances Inc, China's largest maker of home air-conditioners, added 2.5 percent to 27.58 yuan.

China Vanke Co, the nation's biggest listed property developer, slid 1 percent to 11.91 yuan.