China Market surges on monetary easing

Mainland China stock market closed sharply higher on Monday, 21 March 2016, after authorities loosened controls on brokerages lending money to investors for share buying. The benchmark Shanghai Composite Index advanced 63.65 points, or 2.15%, to 3018.80, while the Shenzhen Composite Index grew 49.16 points, or 2.68%, to 1886.37. The CSI 300 Index, measuring exchanges in Shanghai and Shenzhen, added 77.48 points, or 2.44%, to 3249.44.

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