Brokerage leads China market rebound
Capital Market The Mainland China stock market finished session marginally higher after wiping out early losses in late afternoon trade on Tuesday, 24 November 2015, with brokerage stocks leading rally amid market talks that regulators have scrapped a rule requiring brokerages to hold daily net long positions. But gains were limited amid concerns over fresh batch of initial public offerings as well as the extremely low commodity prices and world economic growth. The Shanghai Composite Index advanced 0.16%, or 5.79 points, to close at 3616.11 points. The Shenzhen Composite Index, which tracks stocks on China's second exchange, grew 1.39%, or 31.47 points, to close at 2300.09. The ChiNext Index, which tracks China's NASDAQ-style board of growth enterprises, was up 1.64%, or 45.47 points, to close at 2816.05.
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