Business News

Shanghai stocks close higher due to late buying

HONG KONG, March 23, (APP/AFP) – Shanghai stocks closed slightly higher on Wednesday due to late buying after a day of volatile trading, as investors wondered if the market could stay above the key 3,000-point level.
The benchmark Shanghai Composite Index rose 0.35 percent, or 10.60 points, to 3,009.96.
The Shenzhen Composite Index, which tracks stocks on China’s second
exchange, gained 1.16 percent, or 21.75 points, to 1,902.53.
In Hong Kong, however, the Hang Seng index closed down 0.25 percent, or 51.52 points, to 20,615.23.