China stocks higher at end, Shanghai surges 1.66%

BEIJING: China stocks were higher after the close on Wednesday, as gains in the Telecoms, Mobile and Media sectors led shares higher.

At the close in Shanghai, the Shanghai Composite rose 1.66% to hit a new 3-year high, while the SZSE Component index gained 1.78%.

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The best performers of the session on the Shanghai Composite were Aucma (SS: 600336), which rose 10.07% or 0.720 points to trade at 7.870 at the close. Meanwhile, Jiangnan Fiber (SS: 600527) added 10.05% or 0.590 points to end at 6.460 and United Network (SS: 600050) was up 10.05% or 0.550 points to 6.020 in late trade.

The worst performers of the session were Boyuan Investm (SS: 600656), which fell 5.04% or 0.360 points to trade at 6.780 at the close. Fujian Nanzhi (SS: 600163) declined 2.87% or 0.180 points to end at 6.090 and C&T Tech Dev (SS: 600149) was down 2.43% or 0.530 points to 21.290.