China Stocks close steady

The Mainland China equity market finished slight higher on Tuesday, 18 July 2017, aided by strong gains in cyclicals, even as investors hunted for bargains after an intense sell-off in small-caps in the previous session. Sector performance was mixed, with banks lost ground, while infrastructure and the real estate sector advanced. The Shanghai Composite Index rose 0.3%, or 11.10 points, to 3,187.57 while the CSI 300 which tracks large companies listed in Shanghai and Shenzhen increased 0.1% or 3.62 points to 3,667.18. The Shenzhen Composite Index tacked on 0.6% or 10.79 points to 1,811.33 while the Nasdaq style ChiNext rose 0.7% or 11.06 points to 1,667.49.

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