Chinese shares rallied on Friday afternoon in thin volumes from earlier profit-taking to end the day at a near 13-month closing high, with signs of an economic recovery in China contributing to a recent surge.
At the close, the Shanghai Composite index was up 0.63 percent at 3,270.80, erasing earlier losses. It was the strongest close for the index since March 21, 2018.
The blue-chip CSI300 index was up 1.19 percent at 4,120.61 points, its highest close since March 12, 2018.
Trading activity was relatively thin. About 31.52 billion shares were traded on the Shanghai exchange, roughly 79.2 percent of the market’s 30-day moving average of 39.79 billion shares a day.