Friday, 17 July 2015 17:21
SHANGHAI: China’s benchmark Shanghai stock index closed up 3.51 percent on Friday, powered by government moves last week to halt a market rout, dealers said.
The benchmark Shanghai Composite Index jumped 134.17 points, to 3,957.35 on turnover of 593.1 billion yuan ($ 96.9 billion). The market rose as much as 4.48 percent during the day.
Shanghai gained 2.05 percent for the week, but is still down 23.40 percent from its recent peak hit on June 12.
The Shenzhen Composite Index, which tracks stocks on China’s second exchange, surged 4.98 percent, or 103.90 points, to 2,190.42 on turnover of 507.9 billion yuan. It gained 7.62 percent for the week.
