China Stocks Rebound From Lowest Level Since 2009; Ping An Gains

China’s stocks rose, spurring a rebound for the benchmark index from the lowest level since January 2009, after valuations fell to a record. Ping An Insurance (Group) Co. climbed 2.1 percent and Anhui Conch Cement Co. advanced for a fifth day as Haitong Securities Co. recommended insurance and cement stocks for next year. Bank of Communications Co. advised investors to buy cyclical stocks in the first half of 2013. PetroChina Co., the most heavily weighted stock on the index, gained the most in more than two months after valuations plunged to an all-time low last week. 

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