The CSI 300 Index, which tracks 300 of the largest stocks in Shanghai and Shenzhen, rose 0.1 per cent to 3,987.48 at the close. The gauge rose 1.5 per cent over the past three days. Christmas is not a public holiday in China.
The Shanghai Composite Index also gained 0.1 per cent. Technology and telecoms firms emerged as the best performers among the 10 industrial groups in the CSI 300, while utilities and energy stocks underperformed.
Chinese stocks have been rangebound over the past two months, as traders have been waiting for the effective implementation of the government’s stimulus measures. Investors expect Beijing to deliver more interest-rate cuts and raise the government borrowing limit next year to spur growth after a shift in policy from Beijing’s top officials.
The…
