Shanghai Composite hits seven-year high

Mainland China equity market finished the session at fresh multi-year high on Friday, 10 April 2015, amid growing expectations of more policy easing after a tepid inflation data. The Shanghai Composite Index advanced 76.78 points, or 1.94% to 4034.31 at the close, its highest level since March 2008. The CSI300 index, the largest listed companies in Shanghai and Shenzhen, jumped 82.28 points, or 1.93%, to 4344.42.

China's consumer price index rose 1.4% in March from a year earlier, the same as the increase in February, data from the National Bureau of Statistics showed early in the day, while producer prices (PPI) contracted 4.6%, improving slightly from a 4.8% decline in February from a year earlier. The CPI declined 0.5% in March from February, when it rose 1.2% from the preceding month. The PPI also declined 0.1% in March from February, when it fell 0.7% from the preceding month.

Powered by Capital Market - Live News