China's blue-chip index closes at 2-1/2-year high on stimulus

The blue-chip CSI300 index ended 2.1% higher at 4,335.84, its highest closing level since Jan 26,2018, while the Shanghai Composite Index gained 2.1% to 3,090.57.

SHANGHAI: China stocks rallied on Thursday, with the blue-chip index closing at its highest in two-and-a-half years, boosted by Beijing's decision to spend more to prop up the economy.

The blue-chip CSI300 index ended 2.1% higher at 4,335.84, its highest closing level since Jan 26,2018, while the Shanghai Composite Index gained 2.1% to 3,090.57.