China Market ends in positive terrain

Mainland China stock market ended in the positive territory after recouping initial losses on Monday, 18 January 2016, as bargain buying resumed on hopes of further intervention from government-backed authorities, with real estate shares leading the rebound on data showing continuous recovery in the property sector. China stocks opened sharply lower on Monday but managed to erase losses by midday and managed to hold gain during afternoon trade. The local market gauge fell into a bear market for the second time in seven months on Friday. The Shanghai Composite Index rebounded 0.44%, or 12.87 points, to close at 2913.84. The CSI 300 Index, measuring exchanges in Shanghai and Shenzhen, rose 12 points, or 0.38%, to 3130.73. The Shenzhen Composite Index, which tracks stocks on China's second exchange, added 1.9%, or 34.20 points, to close at 1830.33. The ChiNext Index, which tracks China's NASDAQ-style board of growth enterprises, rose 2.94%, or 62.03 points, to close at 2174.93.

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