China market jumps to fresh seven year high

Mainland China equity market advanced to fresh seven-year high on Friday, April 17, 2015, as investors continued hunting for riskier assets amid lingering speculation the government will take more measures to bolster economic growth. Investors also drew some solace from a bullish research report by brokerage Shenwan Hongyaun, which predicted that China's stock market will rise further on the back of central government support. Shanghai Composite Index advanced 92.47 points, or 2.2% to 4287.30 at the close., topping 4,200 for the first time since March 2008. The CSI300 index, the largest listed companies in Shanghai and Shenzhen, added 82.59 points, or 1.83%, to 4596.14. For the week, the Shanghai Composite index gained 6.3% and CSI300 rose 5.8%.

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