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Business / Markets

CSI 300 index enters bull market after 20% rally

(China Daily) Updated: 2013-01-08 14:36

China's CSI 300 Index entered a bull market after rallying 20 percent from its 2012 low amid signs of an economic recovery in the world's second-largest economy.

The gauge tracking 300 yuan-denominated A shares traded in Shanghai and Shenzhen gained 0.5 percent to 2,535.99 at the close on Monday, led by healthcare and financial companies. It has rebounded 20 percent since Dec 3.

Beijing Tiantan Biological Products jumped 10 percent on Monday on speculation medicine demand will increase after two women died from the H1N1 flu strain in Beijing and the government set targets for expansion in the biomedical industry.

China Daily - Agencies

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