The CSI 300 Index of equities closed 2.6% higher, with a measure of 10-day swings jumping to the highest in four years. The broader Shanghai Composite Index advanced 1.3%, while the ChiNext Index gained 4.8% on its best day in nearly a year. Turnover on domestic exchanges leapt 78% yesterday, the biggest increase since May 2016, to 881 billion yuan, a 10-month high.
TAIPEI: Chinese stocks stabilised after the market’s biggest loss of value on record, with traders unconvinced that the recovery would last given the spreading virus outbreak.
The CSI 300 Index of equities closed 2.6% higher, with a measure of 10-day swings jumping to the highest in four years. The broader Shanghai Composite Index advanced 1.3%, while the ChiNext Index gained 4.8% on its best day in nearly a year. Turnover on domestic exchanges leapt 78% yesterday, the biggest increase since May 2016, to 881 billion yuan, a 10-month high.
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