Shanghai Composite hits fresh seven-year high

Mainland China equity market advanced to fresh seven-year high on Monday, 13 April 2015, amid growing hopes that policy makers would unveil fresh stimulus moves to support the economy after surprisingly bad export data. The Shanghai Composite Index surged 87.40 points, or 2.17% to 4121.71 at the close, its highest level since March 2008. The CSI300 index, the largest listed companies in Shanghai and Shenzhen, jumped 76.65 points, or 1.75%, to 4421.07. China's exports suffered an unexpected 14.6% fall to 886.83 billion yuan (about $143 billion), while imports tumbled 12.3% to 868.67 billion yuan, according to data released Monday by the General Administration of Customs. Resulting, the monthly trade surplus plummeted 62.6% to 18.16 billion yuan.

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