China Market surges on hopes for new stimulus

Mainland China stock market advanced on Tuesday, 19 January 2016, on reinforcing speculation of more stimulus measures from Beijing after the release of weaker than anticipated domestic economic growth data. The Shanghai Composite Index surged 3.22%, or 93.90 points, to close at 3007.74. The CSI 300 Index, measuring exchanges in Shanghai and Shenzhen, rose 92.40 points, or 2.95%, to 3223.13. The Shenzhen Composite Index, which tracks stocks on China's second exchange, added 3.57%, or 65.42 points, to close at 1895.75. The ChiNext Index, which tracks China's NASDAQ-style board of growth enterprises, rose 3.07%, or 66.76 points, to close at 2241.70.

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