China economic boost: Blue-chip stock market rose for FOURTH straight day

China economic boost: Blue-chip stock market rose for FOURTH straight day
 

The CSI300 index rose 0.4 per cent to 3,488.74 points, while the Shanghai Composite Index was flat at 3,241.74 points. Shenzhen's start-up board ChiNext lost 0.9 per cent.
China's blue-chips have outperformed growth stocks over the past month, reflecting investors' renewed inclination toward cyclical sectors such as financials and commodities amid signs that the economy is stabilising.
"There's an obvious rotation into cyclical plays and out of growth stocks," said Chang Chengwei, an analyst at Hengtai Futures Co.
Recent strength in commodity prices - which in turn has lit a fire... read more

 
24 November 2016 in World News, Views: 39
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