The Mainland China stock market finished session sharply higher on Monday, 14 December 2015, due to bottom fishing on recently battered stocks after slightly better than expected Chinese industrial production growth data out over the weekend. All 10 industry categories on the main section advanced, with gainers being led by financials, materials, industrials, and energy issues. The Shanghai Composite Index surged 2.51%, or 86.09 points, to close at 3520.67. The Shenzhen Composite Index, which tracks stocks on China's second exchange, gained 2%, or 43.82 points, to close at 2239.68. The ChiNext Index, which tracks China's NASDAQ-style board of growth enterprises, rose 1.42%, or 37.97 points, to close at 2709.26.
Factory output grew an annual 6.2% in November, data from the National Bureau of Statistics (NBS) showed, quickening from October's 5.6%. Growth in China's fixed-asset investment, one of the main drivers of the economy, rose 10.2% in the first 11 months, unchanged from the gain in January-October. Retail sales grew an annual 11.2% in November the strongest expansion this year, compared with 11% in October.
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