Equities rebound on higher metal prices

Chinese stocks rose for a fourth day, driving the benchmark index to the longest winning stretch in two months, as raw-material producers advanced on higher commodity prices.

"The economy still has a pretty optimistic outlook next year probably with a high growth rate and low inflation," said Zhang Ling, who helps oversee about $7.21 billion at ICBC Credit Suisse Asset Management Co in Beijing.

"But at the same time, you need to guard against shrinking liquidity as the government puts a lid on credit."