Chinese consumer product stocks soar, Chinese carmakers celebrate new models


In Asia, stocks climbed higher Monday. The Shanghai Composite Index rose 0.9% and in Hong Kong, the Hang Seng Index added 1.4%. Japan's Tokyo Stock Exchange was closed today for Labor Thanksgiving Day, a celebration of workers' rights.

In China, consumer product stocks rallied with VV Food & Beverage leaping to its 10% daily limit. The company produces and markets milk and soybean products, along with a range of other food items like flour and oatmeal. According to China Daily, VV Food & Beverage is a key partner of Japanese company Otsuka Pharmaceutical. Together they distribute a "neutraceutical" fruit and soy snack bar called SoyJoy which capitalizes on the health-giving effects of soybeans.