China Stocks snap 4-day losing streak

The Mainland China equity market closed higher for the first time in five straight sessions on Thursday, 20 April 2017, as investors chased for bottom fishing in recently battered stocks, with defensives such as the consumer and healthcare sectors being major gainers, while fleeing small caps and stocks related to the new Xiongan economic zone. The benchmark Shanghai Composite Index was flat, inching up 1.41 points to 3,172.10 and the Shenzhen Composite Index, which tracks stocks on China's second exchange, eased 0.19%, or 3.68 points, to 1,928.78.

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