China Market ekes out gain

Mainland China stock market closed marginally higher after recouping initial losses on Tuesday, 13 December 2016, thanks to better-than expected November retail sales and factory output data which encouraged bargain-hunting after the previous session's slump. Most sectors rallied, led by consumer and energy shares, while banks and infrastructure stocks lagged. The Shanghai Composite Index rose 0.07% to 3,155.04, while the Shenzhen Composite Index, which tracks stocks on China's second exchange, added 0.33% to 1,975.88. The ChiNext Index, which tracks China's NASDAQ-style board of growth enterprises, jumped 0.03% to close at 1,985.04 points.

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