China Market closes higher in choppy trade

The Mainland China stock market ended in the green terrain after zigzagging between gains and losses in a tight range throughout the day on Tuesday, 12 January 2016, as policy makers intensified efforts to stabilize the yuan. Sentiment was largely supported by reports that China's cabinet, the State Council, may take a more active more in financial regulation following a series of perceived missteps under the current regulatory regime. The Shanghai Composite Index was up 0.2%, or 6.16 points, to close at 3022.86. The CSI 300 Index, measuring exchanges in Shanghai and Shenzhen, grew 23.26 points, or 0.73%, to 3215.71

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