China Stocks gain on PBOC liquidity injection

Mainland China stock market ended higher for second straight session on Wednesday, 18 January 2017, on the back of blue chip's solid 2016 earnings projection and the central bank continued liquidity injection into the banking system as the Chinese New Year holiday approaches. Maret gains were, however, limited amid renewed weakness in small-caps and worries about Donald Trump's approach to Beijing. Sectors advanced across the board, with infrastructure stocks leading the gains. The blue-chip CSI300 index, which tracks large companies in Shanghai or Shenzhen, was up 0.39% to close at 3,339.37. The Shanghai Composite Index added 0.14% to close at 3,113.01. The Shenzhen Composite Index, which tracks stocks on China's second exchange, declined 0.45% to 1864.59. The ChiNext Index, which tracks China's NASDAQ-style board of growth enterprises, shed 1.18% to 1,845.79 points.

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