China Market recovers

Last Updated : May 05 2016 | 8:47 PM IST

Mainland China stock market ended tad higher after recouping losses late afternoon on Thursday, 05 May 2016, after private survey data showed that activity in China's services sector expanded in April, but the gains were slightly less robust than in March. Most of the SSE sectors declined, but airline stocks surged after China's central government on Wednesday unveiled plans to promote airline transportation by pledging to open up low-altitude air space. The benchmark Shanghai Composite Index advanced 6.57 points, or 0.22%, to 2997.84. The CSI 300 Index, measuring exchanges in Shanghai and Shenzhen, grew 4.46 points, or 0.14%, to 3213.92.

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China Market recovers