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Shanghai Composite ends above 4K level

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Capital Market
Mainland China's stock market finished the session higher after recouping early losses on Tuesday, 21 July 2015, marking a fourth consecutive session of winning streak, as slew of as government rescue measures helped to restore some stability to trading. Sentiment locally received a further boost from official data showing China's foreign direct investment rose better than expected 0.7% in June 2015. The benchmark Shanghai Composite Index advanced 25.56 points, or 0.64%, to finish at 4017.67 points. The Shenzhen Composite Index, which tracks stocks on China's second exchange, gained 1.56%, or 34.81 points, to 2265.10 points. The ChiNext Index, tracking China's Nasdaq-style board of growth enterprises, rose 1.21% to end at 2882.9 points. The benchmark gauge has rebounded 15% since July 8, following a 32% plunge that wiped out almost $4 trillion, as policy makers introduced a spate of measures to bolster equities.

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First Published: Jul 21 2015 | 3:36 PM IST

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