China stocks extend gains

Mainland China's stock market settled higher in volatile trade on Monday, 20 July 2015, marking a third consecutive session of winning streak, on the back of the Chinese government's recent, drastic supportive measures. But gain on the upside capped after authorities' weekend move to tighten the use of informal lending channels by stock investors. The benchmark Shanghai Composite Index advanced 34.76 points, or 0.88%, to finish at 3992.11 points, extending 3.5% gains last week. The Shenzhen Composite Index, which tracks stocks on China's second exchange, added 1.82%, or 39.87 points, to 2230.29 points.

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