China markets leap on prospect of policy boost

Investors sit in front of a board showing stock information at a brokerage house on the first day of trade in China since the Lunar New Year, in Hangzhou (Reuters) – Chinese equities headed for their biggest gains in 14 months on Tuesday and the yuan rose on further signs of state support for markets and a news report that President Xi Jinping was set to discuss markets with financial regulators. Bloomberg News reported the China Securities Regulatory Commission plan to update top leaders on market conditions as soon as Tuesday. China state fund Central Huijin Investment said on Tuesday…