Source Pravda.Ru

China's key Shanghai Composite Index gains 1.2 percent, ending rocky week

Chinese shares rose Friday as investors snapped up bargain blue chips following losses earlier in the week.

The benchmark Shanghai Composite Index gained 1.2 percent to 2,831.53.

It has been a roller-coaster week for Chinese shares. On Tuesday, the Shanghai index tumbled nearly 9 percent triggering a sell-off in global markets before rebounding almost 4 percent Wednesday. The index fell nearly 3 percent on Thursday.

Trading was heavy in large cap shares like Baoshan Iron & Steel, which was up 0.9 percent to 9.40 yuan in late trading, and China Yangtze Power, which climbed 1.1 percent to 11.57 yuan, reports AP.

Investors remain cautious amid the absense of market-supporting measures from regulators, and analysts cautioned that the potential for further declines remains after last year's rally, which boosted Shanghai shares by 130 percent.

Comments
Default more likely to hit American, rather than Russian economy
Melania Trump starstruck when shaking hands with Putin
Melania Trump starstruck when shaking hands with Putin
Ukraine dreams of what it can do to Crimea after winning war with Russia
Details of Putin-Merkel surprise meeting unveiled
Ukraine dreams of what it can do to Crimea after winning war with Russia
Why Russia continues investing in US public debt
Ukraine dreams of what it can do to Crimea after winning war with Russia
The Sham called Democracy
Ukraine dreams of what it can do to Crimea after winning war with Russia
Who loses and wins most from Caspian Sea division
Who loses and wins most from Caspian Sea division
Ukraine and PMC Blackwater to poison Donbass with radioactive waste
Ukraine dreams of what it can do to Crimea after winning war with Russia
Who loses and wins most from Caspian Sea division
Who loses and wins most from Caspian Sea division
Ukraine dreams of what it can do to Crimea after winning war with Russia
Ukraine dreams of what it can do to Crimea after winning war with Russia
Who loses and wins most from Caspian Sea division
Pilot shares his impressions after flying Su-57 fifth-generation fighter
Trump's solar wall and barefaced lies