China Pension funds lift shares

The Mainland China equity market closed higher on Tuesday, 25 April 2017, following the previous session's sharp sell-off and news that pension funds have started buying stocks. Most sectors gained, with consumer stocks outperforming the broader market as investors rotating out of growth shares into defensive plays. The blue-chip CSI300 index rose 0.3%, to 3,440.97 points, while the Shanghai Composite Index gained 0.2% to 3,134.57 points.

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