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China: Stocks close up more than 1%, led by tech

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[SHANGHAI] China stocks rose more than 1 per cent on Thursday as bargain hunting in technology stocks offset weakness in financial shares.

The CSI300 index of the largest listed companies in Shanghai and Shenzhen rose 1.1 per cent to 3,124.20 points, while the Shanghai Composite Index gained 1.2 per cent to 2,904.83.

China's technology heavy growth board ChiNext closed up 5.3 per cent, reversing consecutive falls in the past two sessions.

REUTERS

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