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Thursday, May 26, 2022

Shanghai stock index closes up 2.43pc

Shanghai stock index closes up 2.43pcSHANGHAI: Shanghai stocks rose 2.43 percent Thursday, a sixth-straight gain, following government moves earlier this month to prevent a meltdown after the market slumped more than 30 percent in less than four weeks.

The Shanghai Composite Index jumped 97.87 points to 4,123.92 on turnover of 743.5 billion yuan ($ 121.5 billion).

The Shenzhen Composite Index, which tracks stocks on China’s second exchange, added 2.83 percent, or 64.67 points, to 2,352.65 on turnover of 654.5 billion yuan.

Copyright AFP (Agence France-Presse), 2015

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