China stocks up after rate-cut

Mainland China share market advanced on Monday, 02 March 2015, in the wake of central bank lowering interest rates over the weekend for a second time in three months due to increasing downward pressure facing the Chinese economy. The CSI300 index, the largest listed companies in Shanghai and Shenzhen, rose 28.42 points, or 0.8%, to 3601.26, while the Shanghai Composite Index gained 25.98 points, or 0.78%, to 3336.28. The impact of the latest rate cut was, however, limited as the market already priced in expectations of further monetary easing. China's main stock indexes staged a seven-day rally ahead of the Lunar New Year holiday and continued rising last week.

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