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China stocks close up as investors buy index heavyweights
by Cals Tue 12 Jul 2016, 20:53
China stocks close up as investors buy index heavyweights
By Reuters / Reuters | July 12, 2016 : 3:34 PM MYTSHANGHAI (July 12): China stocks posted solid gains on Tuesday, shaking off a weak morning session as investors bought shares in the finance and manufacturing sectors.
Analysts said investors were buying index heavyweights as they weighed a global equity rally against looming uncertainties at home and abroad, including a ruling on the Phillippines' South China Sea arbitration case due later on Tuesday and China's second-quarter GDP data due on Friday.
The CSI300 index of the largest listed companies in Shanghai and Shenzhen rose 2.2% to 3,273.18 points, while the Shanghai Composite Index gained 1.8% to 3,049.38.
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