China market climbs to 8-week high

The Mainland China's stock market soared up to highest level in eight weeks on Thursday, 15 October 2015, amid growing hopes for further stimulus to support ailing economy, with telecom and technology stocks leading broader rally. The Shanghai Composite Index advanced 2.32%, or 75.63 points, to close at 3338.07 points, the highest level since 21 August 2015. The Shenzhen Composite Index, which tracks stocks on China's second exchange, ascended 3.03%, or 57.13 points, to 1941.28. The ChiNext Index, which tracks China's NASDAQ-style board of growth enterprises, grew 4.32%, or 9.53 points, to close at 2404.53.

Powered by Capital Market - Live News