Shanghai stocks close up 4.54% as sentiment improves
Shanghai stocks
Shanghai - Arab Today
China's benchmark Shanghai stock index closed up 4.54 percent on Friday, taking its two-day rise over 10 percent as government moves to boost the flagging market saw sentiment recover, dealers said.
The Shanghai Composite Index shot up 168.47 points to 3,877.80 on turnover of 680.4 billion yuan ($111.3 billion). The Shenzhen Composite Index, which tracks stocks on China’s second exchange, jumped 4.09 percent, or 79.91 points, to 2,035.26 on turnover of 247.3 billion yuan.
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