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Asian equities gain as China announces steps to boost infrastructure

China Railway Group, China Communications Construction, Anhui Conch pace advances

HONG KONG (Nikkei Markets) -- Asian shares outside of Japan rose Tuesday, led by Chinese companies following measures from Beijing to support infrastructure development.

The Nikkei Asia300 Index of companies outside Japan closed 0.9% higher at 1,287.35. China's infrastructure-related companies were among the top performers after Beijing said it will allow local governments to use proceeds from special bonds as equity for project financing. Hong Kong-shares of China Railway Group, China Communications Construction, and China Railway Construction jumped by at least 4.9% each, while Anhui Conch Cement advanced 4.8%. An index of Chinese companies listed in Hong Kong climbed 0.9%.

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