Shanghai stock index reclaims 3,000 mark in recovery rally

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SHANGHAI — China’s benchmark Shanghai Composite Index gained for an eighth straight session Friday to surpass the psychologically important 3,000 mark, after a round of state-backed efforts to shore up stock prices.

The index ended up 0.55% at 3,004. The last time it saw eight straight days of gains was between June and July of 2020.

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