Shanghai stocks rose to a 13-month closing high on Wednesday, as surprisingly firm data pointed to a recovery in the world’s second-largest economy.
The blue-chip CSI300 index was unchanged at 4,087.24, while the Shanghai Composite Index ended 0.3 percent higher at 3,263.12, its highest close since March 21, 2018. The Shanghai index had gained 2.4 percent on Tuesday.
China’s economy grew at a steady 6.4 percent pace in the first quarter, defying expectations for a further slowdown, as industrial production jumped sharply and consumer demand showed signs of improvement.
Source : Reuters