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China stocks extend gains, lifted by property and logistics

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SHANGHAI: China shares extended gains and ended higher on Friday, thanks largely to sharp rises in the property and logistics shares.

At the close, the benchmark Shanghai Composite Index was up 1.13% at 3,560.37 points, while the blue-chip CSI 300 index rose 1.1%, to 4,890.06 points.

China's property sector, a major driver of economic growth, has weakened sharply this year as Beijing cracks down on speculation to lower financial risks. The smaller Shenzhen index ended up 1.19% and the start-up board ChiNext Composite index was higher by 1.04%.

 

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