Shanghai Composite hits fresh seven year highs

Mainland China benchmark Shanghai Stock Exchange closed above 4000 points on Wednesday, 08 April 2015, a key psychological resistance level, for the first time since early 2008, as investors sentiments boosted by ample liquidity and strong confidence in the economy. The fresh seven-year high of the share market was reached in spite of an upcoming wave of new share offerings which will reduce liquidity. The Shanghai Composite Index inclined 33.43 points, or 0.84% to 3994.81 at the close, its highest level since March 2008. The CSI300 index, the largest listed companies in Shanghai and Shenzhen, grew 35.76 points, or 0.84%, to 4295.80.

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