China shares rise after firms linked with Xiongan New Area gained strongly

Around 30 firms related to the new area advance by the maximum daily cap of 10 percent.

China’s shares closed today higher, after firms linked to the Xiongan New Area as well as aviation and communications stocks made strong gains.

The Shanghai Composite Index added 0.62 percent, or 20.78 points, today to close at 3,369.11.

The Shenzhen Component index rose 0.91 percent, or 102.25 points, to 1,1280.30, and the Nasdaq-style ChiNext jumped 1.45 percent to 1,795.38.

Stocks related to the Xiongan New Area advanced broadly, with around 30 shares rising by the maximum daily cap of 10 percent, including Jiangsu Zhongshe Group Co Ltd, an engineering consultancy, which ended at 51.61 yuan and  Shenzhen-listed Tianjin Keyvia Electric Co Ltd.

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