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Shanghai: Stocks close up 4.54% as sentiment improves

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China's benchmark Shanghai stock index closed up 4.54 per cent on Friday, taking its two-day rise over 10 per cent as government moves to boost the flagging market saw sentiment recover, dealers said.

[SHANGHAI]- China's benchmark Shanghai stock index closed up 4.54 per cent on Friday, taking its two-day rise over 10 per cent as government moves to boost the flagging market saw sentiment recover, dealers said.

The Shanghai Composite Index shot up 168.47 points to 3,877.80 on turnover of 680.4 billion yuan (S$147.8 billion). The Shenzhen Composite Index, which tracks stocks on China's second exchange, jumped 4.09 per cent, or 79.91 points, to 2,035.26 on turnover of 247.3 billion yuan.

AFP

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