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China market jumps to seven year high

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Capital Market
Mainland China equity market finished the session at seven-year high on Thursday, amid speculation the government will take more measures to bolster economic growth after a slew of weak economic data. Investors also drew some solace from data showing a 2.2% rise in foreign direct investment (FDI) in China, signifying continued foreign confidence in China's economy. Shanghai Composite Index advanced 110.66 points, or 2.71% to 4194.82 at the close. The CSI300 index, the largest listed companies in Shanghai and Shenzhen, added 133.04 points, or 3.04%, to 4513.55.

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First Published: Apr 16 2015 | 3:33 PM IST

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