The Mainland China equity market closed higher on Monday, 12 March 2018, as appetite for risk assets underpinned on calming trade war fears after the United States opened the way for more exemptions from its steel and aluminium tariffs on Friday, due to pressure from allies and intense lobbying from lawmakers. Meanwhile, buying appetite further boosted by the US jobs report which eased worries of inflation and faster rate hikes.
At the close, the benchmark Shanghai Composite Index climbed 0.59%, or 19.53 points, to 3,326.70 and the Shenzhen Composite Index, which tracks stocks on China's second exchange, rallied 1.24%, or 23.46 points, to 1,908.84. The blue-chip CSI300 index was up 0.5% 4,127.67.
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