China market ekes out gain

Mainland China stock market ended marginally higher after wiping out initial losses on Tuesday, 08 March 2016, as traders digested weaker-than-expected trade data from the mainland. Industrial & Commercial Bank of China and PetroChina Co, considered to be targets of government buying because of their large index weighting, were the biggest contributors to gains. Transportation and raw-material companies declined after data showed China's outbound shipments sank last month by the most since May 2009. The Shanghai Composite Index ended up 4.05 points, or 0.14%, at 2901.39. The CSI 300 Index, measuring exchanges in Shanghai and Shenzhen, rose 5.14 points, or 0.09%, to 3107.67.

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