You are here

China: Stocks close higher, post biggest monthly loss since global crisis

chinastocks.jpg
China stocks rose more than 3 per cent on Friday, recovering losses at the end of a tumultuous week, having recorded their worst month since the global financial crisis.

[SHANGHAI] China stocks rose more than 3 per cent on Friday, recovering losses at the end of a tumultuous week, having recorded their worst month since the global financial crisis.

The CSI300 index of the largest listed companies in Shanghai and Shenzhen ended up 3.2 per cent, to 2,946.09, while the Shanghai Composite Index gained 3.1 per cent, to 2,737.60 points.

Both indexes tumbled over 20 per cent in January, their biggest monthly loss since the 2008-09 global financial crisis.

For the week, CSI300 was down 5.4 per cent, while SSEC lost 6.1 per cent.

REUTERS

sentifi.com

Market voices on:

grab

Receive $80 Grab vouchers valid for use on all Grab services except GrabHitch and GrabShuttle when you subscribe to BT All-Digital at only $0.99*/month.

Find out more at btsub.sg/promo

Powered by GET.comGetCom