Shanghai Composite rises 0.28%

Mainland China market closed volatile trading session at fresh 19-months high on Thursday, 09 October 2014, on renewed hopes for stimulus measures after Premier Li Keqiang said the government will use targeted measures to support the economy. The benchmark Shanghai Composite index advanced 6.58 points, or 0.28%, to finish at 2389.37, the highest close since 20 February 2013, when it finished at 2397.18. Chinese Premier Li Keqiang said at a State Council departmental meeting on Wednesday that the government will use the targeted measures to tackle financing costs and difficulties to support economic growth. The government plans to launch a series of investment projects by year-end in sectors including water, environmental protection and information technology, according to reports.

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