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China Stocks up for 3rd day in row

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The Mainland closed higher on Monday, 15 May 2017, as risk sentiments got boosted by calming concerns over tighter financial regulations and liquidity after government soothing comments. Also market sentiment boosted by the Belt and Road Forum for International Cooperation held in Beijing on Sunday and Monday. However, market upside was capped by China's disappointing factory activity and investment data that deepened worries of renewed economic slowdown.

Most sectors gain ground, led by defensive consumer and health care stocks. The blue-chip CSI300 index rose 0.4 per cent to 3,399.19 points, while the Shanghai Composite Index added 0.2 per cent to 3,090.23 points. The smaller Shenzhen Component Index closed 0.59 percent higher at 9,845.6 points. The ChiNext Index, China's NASDAQ-style board of growth enterprises, ended 0.23 percent higher to close at 1,778.64 points.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, May 15 2017. 17:36 IST