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February 22, 2017

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Shares up for 2nd day

SHANGHAI stocks yesterday rose for a second day as consumer, software, infrastructure and material shares gave the market a fillip. The Shanghai Composite Index gained 0.41 percent to 3,253.33 points, its highest close since December 1. Sentiment was also lifted by news that many listed companies scrapped or revised their plans for the private placement of shares, after regulators introduced policies to check “excessive” fundraising.


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