China market ends stronger

The Mainland China stocks ended higher in volatile trade on Friday, 23 October 2015, joining global rally, as investors welcomed ECB chief Mario Draghi's hints of more QE out of Europe. Meanwhile, risk appetite whetted further after President Xi Jinping comment that the economy will not suffer a hard landing, and as home price data suggested a mild recovery in the Chinese property market. The Shanghai Composite Index surged 1.3%, or 43.69 points, to close at 3412.43 points. The Shenzhen Composite Index, which tracks stocks on China's second exchange, grew 2.94%, or 57.55 points, to 2016.74. The ChiNext Index, which tracks China's NASDAQ-style board of growth enterprises, jumped 3.26%, or 80.25 points, to close at 2538.38.

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