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Shanghai Composite hits fresh seven-year high

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Capital Market
Mainland China share market advanced to fresh seven-year high on Friday, 22 May 2015, on mounting speculation of further policy support from Beijing after recent poor economic indicators such as a disappointing manufacturing index on Thursday. The rally was also supported by return of money into the market from investors who weren't allocated shares in recent initial public offerings. The Shanghai Composite Index advanced 128.17 points, or 2.83%, to finish at 4657.60 points. The CSI300 index added 110.35 points, or 2.28%, to 4951.33. For the week, the Shanghai market gained 8.9%.

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First Published: May 22 2015 | 5:36 PM IST

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