China market surges 1.58% on IPO resumption news

The Mainland China stock market ended stronger on Monday, 09 November 2015, as risk sentiments underpinned by news that securities regulator plan to resume initial public offerings (IPO) after a near four-month halt. Most of the sectors advanced, with financial blue-chip shares being major gainer, as investors piled into stocks which had been beaten down in the midst of the equity correction. The Shanghai Composite Index advanced 1.58%, or 56.85 points, to close at 3646.88 points. The Shenzhen Composite Index, which tracks stocks on China's second exchange, rose 1.82%, or 39.17 points, to close at 2191.60. The ChiNext Index, which tracks China's NASDAQ-style board of growth enterprises, was up 2.37%, or 63.21 points, to close at 2724.62.

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