China stocks gain, Shanghai Composite index rallies more than 1%

Chinese stocks edged up today after hefty losses in last session. Shares in construction machinery and defence soared and the Shanghai Composite index jumped 1.29%. Metal stocks were also in focus following a sharp rebound in Gold and Copper prices. Sentiments were supported in Asian equities and Hong Kong's Hang Seng index edged up 0.22%. Shanghai Composite index slumped 2.50% yesterday as property market worries weighed. The had slipped near four-week low following this tumble.

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