China Market extends gain

Mainland China stock market advanced on Friday, 18 March 2016, after the Federal Reserve's lowering their projections for rate hikes to two this year prompted investors to rebuild their bets on riskier assets. The demand for risk assets also buildup on easing concerns about capital outflows from the country in the wake of weaker dollar. The benchmark Shanghai Composite Index advanced 1.73%, or 50.32 points, to 2955.15. The CSI 300 Index, measuring exchanges in Shanghai and Shenzhen, added 47.76 points, or 1.53%, to 3171.96. The Shanghai Composite added 5.2% this week.

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