WRAPUP 2-China bond yields, stocks rise as markets bet on policy stimulus

* 10-year treasury, policy bank bonds see jump in yields * CSI300 index gains 1.7 pct; SCI up 1.6 pct * Offshore yuan hits 13-month low By Andrew Galbraith and Winni Zhou SHANGHAI, July 24 (Reuters) – Chinese bond yields and stocks rose, while the offshore yuan weakened to a 13-month low as Beijing vowed to pursue a more ‘vigorous’ fiscal policy in a fresh sign that authorities are set to further loosen monetary conditions to support growth. 

MSCI wrong to include China in key index – investor survey

By Alun John HONG KONG, July 24 (Reuters) – Global index provider MSCI was wrong in its landmark decision to include mainland China-listed “A” shares in its emerging markets index in June, according to nearly half of the international investors surveyed for a new report into Chinese corporate governance. 

REFILE-UPDATE 1-China vaccine maker Changsheng plunges again after police launch probe

(Corrects name of regulator investigating possible corruption) * Shares down max 10 pct, lost half value since mid-July * Firm accused of faking vaccine production records * Scandal has sparked online “tsunami” in China – state media By Adam Jourdan SHANGHAI, July 24 (Reuters) – Chinese vaccine maker Changsheng Biotechnology plunged by its daily limit of 10 percent in early Tuesday trade, after police launched a probe into illegal behavior by the firm and China’s President Xi Jinping called for swift action. 

Nikkei bounces modestly after slide as yen surge stalls

* Exporters rebound modestly as yen’s rally vs dollar stalls * Market sentiment still seen shaky after yesterday’s slide * Showa Shell, Ono Sokki advance after revising up profit outlook By Shinichi Saoshiro TOKYO, July 24 (Reuters) – Japan’s Nikkei share average bounced modestly on Tuesday, trimming some sharp losses from the previous day as the yen’s rally stalled and provided some relief to investors worried about the currency’s impact on exporters’ earnings. 

UPDATE 3-Alphabet trounces profit estimates as Google reins in costs

(Adds Alphabet comments) By Paresh Dave and Arjun Panchadar July 23 (Reuters) – Alphabet Inc on Monday reported that expenses from its Google search business grew more slowly in the second quarter while revenue rose more steeply than analysts had anticipated, boosting profit above Wall Street targets and pushing shares up 3.6 percent after hours. 

Cost to insure Tesla’s debt rises on growing default fears

By Kate Duguid NEW YORK, July 23 (Reuters) – The amount investors must pay to insure their debt holdings in Tesla Inc against declining credit quality rose on Monday to its second-highest price ever, implying the company is at a greater risk of default following a report that sparked concern that Tesla may need to raise funds.