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Index hits 5-week high

(China Daily)
Updated: 2010-03-02 10:16
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SHANGHAI - Mainland stocks rose, sending the benchmark index to a five-week high, as copper producers surged on concern that supplies may be disrupted after an earthquake in Chile.

Jiangxi Copper Co and Tongling Nonferrous Metals Group Co, China's top two producers of the metal, both climbed by the 10 percent daily limit to 38.54 yuan and 20.47 yuan respectively.

Related readings:
Index hits 5-week high Chinese shares close higher Monday
Index hits 5-week high Chinese shares slide Friday after rising for two days
Index hits 5-week high Chinese shares hit one-month high as government promises to support key industries
Index hits 5-week high Bargain-hunting pushes Chinese shares above 3,000-point

The Shanghai Composite Index added 35.90, or 1.2 percent, to 3,087.84 at the close. The CSI 300 Index gained 1.3 percent to 3324.42.

Hong Kong stocks advanced, led by banks, after China Construction Bank Corp said it doesn't have to raise funds, US economic growth topped analyst estimates and oil and copper prices gained.

The Hang Seng Index gained 2.2 percent to close at 21,056.93, the highest close since Jan 22.

Bloomberg News

Index hits 5-week high

Index hits 5-week high

Index hits 5-week high

Index hits 5-week high

Index hits 5-week high

Index hits 5-week high

Index hits 5-week high

 
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