China Stocks hit 17-month high after MSCI inclusion

The Mainland China equity market closed at 17-month high on Thursday, 22 June 2017, as sentiments remained firmed after MSCI decided to add yuan-traded equities to its global benchmark indices. However, intraday gains trimmed late afternoon due to profit booking. The Shanghai Composite Index added 0.3%, or 8.76 points, to 3,147.45. The CSI 300 Index of large companies in Shanghai and Shenzhen managed to close 0.1% up at an 18-month high, while the Shenzhen Composite slid 1.3% and the ChiNext index of small-company shares in the city sank 1.4%.

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