China Stocks rise to 1-month peak

Mainland China stock market finished one-month high on Monday, 09 January 2017, boosted by news that China expected to achieve economic growth of 6.7% in 2016, within a targeted range set earlier. Most sectors gained ground, led by industry and utilities shares. The Shanghai Composite Index rose 0.54% to close at 3,171.24, marked the best closing level since 09 December 2016. The blue-chip CSI300 index, which tracks large companies in Shanghai or Shenzhen, added 0.48% to 3,363.90. The Shenzhen Composite Index, which tracks stocks on China's second exchange, added 0.3% to 1994.15. The ChiNext Index, which tracks China's NASDAQ-style board of growth enterprises, shed 0.17% to 1,961.62 points.

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