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China: Stocks rise for fourth straight day, led by telecom shares


[SHANGHAI] China stocks reversed an early decline and rose for the fourth straight day on Thursday, after the central bank moved to improve short-term liquidity, but thin trading volume indicates investor caution in a slowing economy.

The CSI300 index of the largest listed companies in Shanghai and Shenzhen rose 0.3 per cent, to 3,442.87, while the Shanghai Composite Index gained 0.5 per cent, to 3,173.42 points.

Total volume of A shares traded in Shanghai was 19.3 billion shares, while Shenzhen volume was 13.4 billion shares.