Shanghai: China’s leading share index capped its best week in nearly 6 months yesterday as investors continued to scoop up blue-chips on signs that the economy is on steadier footing. The CSI300 index rose for a fifth straight day, advancing 0.9 percent to 3,521.30 points, its highest in nearly 11 months. Also reflecting growing investor confidence, the Shanghai Composite Index shook off a near 1 percent drop in morning trade and ended up 0.6 percent at 3,261.94 points.
Analysts say China’s stock market is becoming increasingly attractive to yield-seeking investors, such as insurers, amid the backdrop of growing curbs on the housing market, a fragile bond market and high volatility in the futures market.
