|Published : 28 Nov 2016, 13:44:49|
China shares set to rise for 6th session
China's blue-chip CIS300 Index rose early on Monday, set for a sixth day of gains, with upbeat industrial profit data strengthening conviction the Chinese economy has bottomed out and making risk assets such as equities more attractive than bonds.
China's blue-chip CSI300 index rose 0.6 per cent, to 3,542.41 points by the lunch break, and looks set to score a six-session winning streak. The Shanghai Composite Index gained 0.5 per cent, to 3,278.51 points.
Investors' risk appetite continued to rise after data showed China's industrial profits in October rose 9.8 per cent, aided by the raw materials sector, according to a news agency report.