China Stocks end stronger

Mainland China stock market ended stronger on Friday, 09 December 2016, after official data released today showing that China's producer prices rose at the fastest pace in over five years in November (up.3% year on year in November, its biggest rise since October 2011). China's consumer prices also rose 2.3% year on year in November, accelerating from a 2.1% gain in October. The fast increase in producer prices suggests an improved demand in the macro-economy and better corporate performance. Most sectors in the mainland rose, with banks leading the gains. The Shanghai Composite Index added 0.54%, to 3,232.88, while the Shenzhen Composite Index, which tracks stocks on China's second exchange, declined 0.35% to 2,070.01. The ChiNext Index, which tracks China's NASDAQ-style board of growth enterprises, fell 0.7% to close at 2,099.89 points. For the week, the Shanghai Composite Index dipped 0.34%.

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