China market extends gain on policy support hopes

Mainland China share market closed higher after erasing early losses on Friday, 27 March 2015, registering twelfth gain in last thirteen sessions. The gain came on reinforcing expectation of increased policy support from the government, after official data indicating industrial profits fell 4.2% for the first two months of 2015, the worst decline in three years. Risk sentiments underpinned further after the government raising limits in its qualified investor scheme. The Shanghai Composite Index closed 9 points, or 0.24%, higher at 3691.10, extending this week's gain to 2%. The CSI300 index, the largest listed companies in Shanghai and Shenzhen, added 21.70 points, or 0.55%, to 3971.70

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