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(Yicai Global) May 10 -- Stock markets on the Chinese mainland shook off negative sentiment surrounding the US tariff hike to rebound this afternoon trading, closing close to an intraday high.
The Shanghai Composite Index closed 3.1 percent higher at 2,939.21, while the Shenzhen Component Index finished 4.03 percent higher at 9,235.39. The ChiNext Price Index, which tracks growth enterprises listed in Shenzhen, faired the best, closing 4.38 percent higher at 1,533.87.
For the week, the Shanghai Composite Index was down 4.51 percent, the Shenzhen Component Index was down 4.54 percent and the ChiNext was down 5.6 percent.