China Market attains new two-year peaks

The Mainland China equity market finished session at best levels in more than two years on Wednesday, 24 January 2018, with gains in banks offset by losses in consumer firms. The sentiment was helped by strong economic fundamentals, as the country reported better-than-expected GDP growth for 2017. Blue chip shares with large market capitalization and growth companies with surging profits were among the biggest winners. The benchmark Shanghai Composite Index rose 0.37%, or 12.97 points, to 3,559.47 and the Shenzhen Composite Index, which tracks stocks on China's second exchange, added 0.51%, or 9.94 points, to 1,960.93. The blue-chip CSI300 index was up 0.19%, with its financial sector sub-index higher by 0.44%, the consumer staples sector down 1.46%, the real estate index down 0.29% and healthcare sub-index up 0.62%.

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