China: Stocks close higher, post biggest monthly loss since global crisis

China stocks rose more than 3 per cent on Friday, recovering losses at the end of a tumultuous week, having recorded their worst month since the global financial crisis. 

PHOTO: BLOOMBERG

JAN 29, 20163:37 PM

[SHANGHAI] China stocks rose more than 3 per cent on Friday, recovering losses at the end of a tumultuous week, having recorded their worst month since the global financial crisis.

The CSI300 index of the largest listed companies in Shanghai and Shenzhen ended up 3.2 per cent, to 2,946.09, while the Shanghai Composite Index gained 3.1 per cent, to 2,737.60 points.

Both indexes tumbled over 20 per cent in January, their biggest monthly loss since the 2008-09 global financial crisis.

For the week, CSI300 was down 5.4 per cent, while SSEC lost 6.1 per cent.

REUTERS