China: Stocks edge up after Fed holds rates, down for the week

[SHANGHAI] China stocks ended a volatile week slightly higher on Friday, after the US Federal Reserve held off from raising interest rates citing concerns about a weak world economy.

The CSI300 index of the largest listed companies in Shanghai and Shenzhen rose 0.4 per cent, to 3,251.27, but was down 2.9 per cent for the week.

The Shanghai Composite Index gained 0.4 per cent, to 3,097.92 points, but was 3.2 per cent lower for the week.

China's stock market has seen extreme gyrations in the past week on worries about the economy and as Beijing stepped up efforts to clean up unregulated margin financing and crack down on corruption in the stock market.

REUTERS