China market hits fresh seven year high

Mainland China share market closed higher in volatile trade on Friday, 03 April 2015. Investor appetite for risk assets remained upbeat amid hopes for more structural reforms to boost economic growth after mixed HSBC/Markit China Services Purchasing Managers' Index (PMI) figures. The Shanghai Composite Index advanced 38.15 points, or 1% to 3863.93 at the close, its highest level since March 2008 and capping a 4.7% weekly advance. The CSI300 index, the largest listed companies in Shanghai and Shenzhen, grew 45.76 points, or 1.11%, to 4170.54. China's market will be shut on April 6 for a holiday.

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