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China: Stocks close up on bargain hunting

Thursday, July 21, 2016 - 15:25
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[SHANGHAI] China stocks closed up on Thursday, the first rise this week, as investors returned to the market in search of bargains.

Although Hong Kong's Hang Seng Index and the Euro Stoxx have been up 1.7 per cent and 0.7 per cent respectively over the past week, China's CSI300 is down for the week in what analysts say is a reaction to uncertain domestic economic conditions.

The CSI300 index of the largest listed companies in Shanghai and Shenzhen rose 0.5 per cent, to 3,252.52, while the Shanghai Composite Index gained 0.4 per cent, to 3,039.01 points.

REUTERS