Shanghai Composite Index Hits 12-Month High
Tang Shihua
/SOURCE : yicai

(Yicai Global) April 8 --  The Shanghai Composite Index, which tracks the eastern Chinese city's  stock exchange, jumped to a 12-month high as traders got back to work  after a long Qingming holiday weekend.

The Shanghai Composite  Index rose 0.8 percent to 3,271.27 points, a level not seen since March  2018. The Shenzhen Component Index was 10,510.43 points, up 0.9 percent.  The ChiNext Price Index, which tracks growth enterprises in Shenzhen,  advanced 0.6 percent to 1,787.96 points.

China's foreign exchange  reserves rose USD8.6 billion, or 0.3 percent, to USD3.1 trillion last  month, according to the State Administration of Foreign Exchange which  drafts rules for forex market activities. 

Investors may have been encouraged by the latest forex reserve data as with the opening-up of China's financial sector more foreign capital can flow into the nation's stock markets.

Editor: Emmi Laine 

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Keywords: Stock Market , Shanghai Composite Index , Shenzhen Component Index , ChiNext Price Index