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China: Stocks rise at market open as regulators calm investors

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China major stock indexes rose in early trading on Monday following remarks by regulators to calm the market.

[SHANGHAI] China major stock indexes rose in early trading on Monday following remarks by regulators to calm the market.

The China Securities Regulatory Commission (CSRC) said in a post on its official microblog late on Sunday that markets were more stable and risks associated with high levels of leverage have eased following a period of high volatility.

The CSI300 index rose 0.6 per cent to 3,385.40 points at 1:35 GMT, while the Shanghai Composite Index gained 0.9 per cent to 3,188.58 points.

China CSI300 stock index futures for September rose 5.3 per cent, to 3,188, -197.40 points below the current value of the underlying index.

The Hang Seng index in Hong Kong was up 0.8 per cent, to 21,016.56 points.

REUTERS

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