China market surges after week-long holiday

The Mainland China's stock market ended sharply higher on first day of trade after a week-long holiday, Thursday, 08 October 2015, catching up to a rally in global equities. China's market rally was partly driven by the positive economic data released over the holiday break, such as a slightly better than expected official manufacturing index and speculation the government will take more steps to boost the world's second-biggest economy. All 10 SSE sectors added strength, with technology and health-care companies leading gains. The Shanghai Composite Index surged 2.97%, or 90.58 points, to 3143.36 points. The Shenzhen Composite Index, which tracks stocks on China's second exchange, added 4%, or 68.61 points, to 1785.39. The ChiNext Index, which tracks China's NASDAQ-style board of growth enterprises, spurted 5.17%, or 107.64 points, to close at 2190.31.

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