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Chinese Shares End Higher Monday
 

Chinese stocks ended higher Monday, the second trading day after more than 200 A-share companies were added to MSCI indices.

The benchmark Shanghai Composite Index went up 0.52 percent to close at 3,091.19 points while the Shenzhen Component Index closed 0.34 percent higher at 10,204.32 points.

Combined turnover on the two bourses reached 354.3 billion yuan (55.2 billion U.S. dollars), down from 375.54 billion yuan the previous trading day.

Liquor makers were among the biggest winners. Kweichow Moutai, a large-cap liquor producer, saw its shares jump about 5 percent.

Home appliance makers saw widespread gains, with share price of Qingdao Haier up 3.21 percent.

The two stocks were among the 226 Chinese A-shares that were added to the MSCI China Index and related global and regional composite indexes at the close of May 31.

The list consists mostly of bluechip stocks, with the majority of companies in the financial, consumer, and medical sectors.

Analysts said the inclusion came as an important signal of China's financial opening up, rather than an immediate boost to the market.

The ChiNext Index, China's NASDAQ-style board of growth enterprises, lost 0.39 percent to close at 1,702.93 points Monday.


(www.chinaview.cn 2018-06-05)
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