Shanghai stocks close higher on China's strong FDIs

Mubasher: Shanghai index ended Wednesday on a positive note, boosted by growth in the country's foreign direct investments (FDIs).

China's FDIs rose to $126 billion in 2015, Xinhua news agency reported, citing the trade ministry's statement.

Shanghai index rose as much as 2.26% to 3,362 points, snapping a two-day decline.

Meanwhile, Hang Seng index fell 0.98% to 20,981 pts.

China's stock market is expected to fall 27% by the end of this year, according to a recent report by Bank of America Merrill Lynch.

 

Mubasher Contribution Time: 06-Jan-2016 08:33 (GMT)