Chinese shares rose Friday after global stock index compiler MSCI said it will significantly raise China's profile in a key equities benchmark, a move expected to help normalise the country's often volatile markets and attract billions in investment.
MSCI inclusion is expected to spur foreign investment inflows as institutional funds buy shares of the China-listed companies -- known as "A-shares" -- to match their portfolios to MSCI .
Chinese stocks endured an up-and-down session on Friday but the Shanghai Composite Index closed 1.80 percent up, or 53.06 points, at 2,994.01.
The Shenzhen Composite Index, China's second exchange, closed 1.20 percent higher, or 18.51 points, at 1,564.84.
Source : AFP