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Shanghai index boosted by military-related shares and telecom services providers
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SHANGHAI stocks edged up 0.23 percent to 2,212.12 points in midday trading, helped by the good performance of military industry shares.
China's Liaoning carrier recently completed its aircraft series by the introduction of a new helicopter. The military sector is also boosted by the central government’s latest command to consolidate China’s national defense.
Xi'An Aero-Engine roared the daily maximum of 10 percent to 28.37 yuan, while Jiangxi Hongdu Aviation Industry surged 5.17 percent to 18.31 yuan.
The China Internet Conference opened in Beijing yesterday. China’s Ministry of Industry and Information Technology said it will improve telecommunication services, which benefits relevant companies.
China National Software & Service rose 5.23 percent to 27.58 yuan, while Aerospace Communications gained 3.47 yuan to 14.90 yuan.
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