China Market clings to gain line

The Mainland China stock market ended marginally higher on Wednesday, 09 December 2015, after fluctuating in and out of the neutral line. The rebound was led by property shares on policy support hopes as well as signs that insurers are scrambling for stakes in major real estate firms. The market was also aided by stabilizing resource shares, bolstered by evidence that Beijing is accelerating consolidation among metal producers. The Shanghai Composite Index added 0.07%, or 2.37 points, to close at 3472.44.The Shenzhen Composite Index, which tracks stocks on China's second exchange, dropped 0.32%, or 7.06 points, to close at 2214.21. The ChiNext Index, which tracks China's NASDAQ-style board of growth enterprises, slid 0.88%, or 23.75 points, to close at 2667.91.

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