Chinese stocks rose Friday as airlines and other shares surged on gains in the Chinese yuan, but broader worries over the global economy capped the advance.
The benchmark Shanghai Composite Index added 1 percent, or 47.96 points, to 5,032.13, recovering from a 4.4 percent fall on Thursday that took the index to its lowest close since Aug. 22.
The Shenzhen Composite Index rose 1.5 percent to 1,272.14.
Airline companies rose after the official rate for the U.S. dollar against the Chinese yuan was set at a record low level of 7.3992. Airlines can benefit from a stronger yuan because they often carry large amounts of foreign currency-denominated …
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