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China: Stocks reverse hefty losses, rise for a 6th straight day

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China stocks reversed losses and rose for a sixth straight session on Tuesday, as a sharp course-change for start-up board ChiNext and a late rally in banking stocks pulled main indexes out of negative territory in the last few minutes of trading.

[SHANGHAI] China stocks reversed losses and rose for a sixth straight session on Tuesday, as a sharp course-change for start-up board ChiNext and a late rally in banking stocks pulled main indexes out of negative territory in the last few minutes of trading.

Both the blue-chip CSI300 index and the Shanghai Composite Index erased early losses of more than 2 per cent, and ended the day up 0.1 per cent, at 3,107.67 points and 2,901.39 points, respectively.

The ChiNext witnessed wild swings, slumping over 4 per cent during the morning session but ended the day up 2.2 per cent.

REUTERS

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