China stocks rise to weeks high

Posted by 7Star Wednesday, March 25, 2009

Chinas main stock index rose 0.56 percent in heavy trade on Tuesday to a five-week closing high, gaining for a seventh day as property and financial shares remained firm although it underperformed overseas markets. The Shanghai Composite Index ended at 2,338.420 points, after opening higher in line with a US stock rally spurred by the release of details on the Obama administrations plan to purge toxic assets from bank balance sheets.

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