The main Chinese mainland index is up a further 2.7 per cent on the day at 4,511.357, taking its gains for 2015 to 39 per cent. It is up more than 120 per cent in the past 12 months and at its highest level for seven years.
The rally came amid hope that government economic stimulus action could follow further weak economic data, with HSBC’s purchasing managers’ index data hitting a 12-month low.
The positive sentiment came in spite of the release of some soft Chinese data, which showed that industrial profits for March were down 0.4 per cent year-on-year, according to the National Bureau of Statistics.
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