China Market extends gain on stimulus speculation

The Mainland China stock market ended stronger for fourth straight session on Thursday, 03 December 2015, due to continued expectation for stimulus measures from government, brushing aside a weak November service sector performance. The market rally was also supported by return of some of the roughly 2 trillion yuan ($312.7 billion) locked up in Tuesday's initial public offerings back into equities. The Shanghai Composite Index ended 1.35%, or 47.92 points, up at 3584.82 points. The Shenzhen Composite Index, which tracks stocks on China's second exchange, added 2.5%, or 54.63 points, to close at 2243.94. The ChiNext Index, which tracks China's NASDAQ-style board of growth enterprises, surged 3.63%, or 94.86 points, to close at 2708.12.

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