Shanghai Composite advances 40-month highs

Mainland China share market advanced to 40-month highs on Wednesday, 03 December 2014, as central bank efforts to bolster China's economic growth has revived optimism for cyclical stocks. The benchmark Shanghai Composite Index advanced 15.98 points, or 0.58%, to 2779.53 at the close, the highest close since July 20, 2011, when it finished at 2794.21. Full-day turnover swelled to an all-time high, with 562.12 billion shares changed hand worth of 529.78 billion yuan.

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