China market shines after rate cut

The Mainland China stocks ended higher in volatile trade on Monday, 26 October 2015, amid enhanced risk appetite in the wake of further monetary easing by China's central bank on Friday, including a surprise cut to the country's key interest rate. All 10 SSE sectors advanced with technology, healthcare and financial issues being major gainers. The Shanghai Composite Index rose 0.5%, or 17.15 points, to close at 3429.58 points, the highest level since Aug. 21. The Shenzhen Composite Index, which tracks stocks on China's second exchange, grew 0.68%, or 13.74 points, to 2030.48. The ChiNext Index, which tracks China's NASDAQ-style board of growth enterprises, declined 0.43%, or 10.91 points, to close at 2527.48.

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