China market ends higher after volatile ride

The Mainland China's stock market finished higher in volatile trade on Tuesday, 13 October 2015, extending its winning streak to fifth straight session, after China's central bank expanded a pilot program to boost the banks' lending ability to shore up the real economy. Meanwhile, buying momentum also underpinned on possibility of further stimulus measures when Beijing meets later this month to discuss the 13th five-year plan. However, market gain was limited after weaker than expected trade data. Total 6 out of 10 SSE sectors added strength to the key index, with technology, telecommunication, and consumer goods stocks being major gainers and helping to offset losses in energy, financial and healthcare stocks. The Shanghai Composite Index advanced 0.17%, or 5.57 points, to close at 3293.23 points. The Shenzhen Composite Index, which tracks stocks on China's second exchange, added 1.05%, or 19.84 points, to 1907.12. The ChiNext Index, which tracks China's NASDAQ-style board of growth enterprises, grew 1.09%, or 25.26 points, to close at 2342.04.

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