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China shares end at two-and-a-half-week high

Tuesday, 13 May 2014


SHANGHAI/HONG KONG, May 12 (Reuters): China's main stock index closed at its best level in two-and-a-half weeks on Monday, underpinned by Beijing's pledge to push ahead with a broad range of capital market reforms and a surging commodities sector.
The Shanghai Composite Index .SSEC finished up 2.1 per cent at 2,052.9 points, its highest close since April 24.
The CSI300 .CSI300 of the leading Shanghai and Shenzhen A-share listings ended at 2,180.1.
China pledged on last Friday to push ahead with a broad range of capital market reforms as it seeks to encourage more efficient capital allocation, increase foreign investment and improve transparency of its markets.
Several coal shares jumped by their 10 per cent daily limit, including Beijing Haohua Energy Resource Co (601101.SS), Yang Quan Coal Industry (Group) Co (600348.SS) and Shanxi Coal Industry Company Limited (601225.SS).