China Market surges 1.6% on economic optimism

China share market closed session sharp higher on Monday, 07 May 2018, as investors risk sentiments lifted up by release of draft rules for depositary receipts which would pave the way for Chinese technology companies listed abroad to also trade on the mainland. However, market gains capped on concerns about the China-US trade spat after high-level talks in Beijing last week ended with no agreement between the two sides. The blue-chip CSI300 index rose 1.6%, to 3,834.19 points, while the Shanghai Composite Index gained 1.5% to 3,136.64 points.

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