|Published : 24 Nov 2016, 13:57:37|
China shares edge higher
China shares edged higher on Thursday as investors chased cyclical stocks, but the broader market struggled for traction with growth stocks under persistent selling pressure.
The blue-chip CSI300 Index rose for the fourth straight day. The CSI300 index rose 0.4 per cent to 3,488.74 points.
The Shanghai Composite Index was flat at 3,241.74 points. Shenzhen's start-up board ChiNext lost 0.9 per cent.
Shares in China's major base metal producers rallied across the board as futures prices of copper, zinc and nickel jumped.
Most sectors gained ground, led by consumer and healthcare stocks, while industry and energy stocks took a breather, according to a news agency report.