SHANGHAI, Dec 31 (Reuters):
China stocks climbed to near 5-year highs on the last trading day of the year, as mainland markets ended the year up more than 50 per cent - the best annual performance by a major global stock market in 2014 after years spent in the basement.
"This year was a bit unexpected," said Tian Weidong, chief director of research department at Kaiyuan Securities in Xi'an.
"I think it took most people by surprise as they didn't realise this sort of market was possible."
The CSI300 index of the largest listed companies in Shanghai and Shenzhen rose 2.2 per cent, to 3,533.71, to end up 51.7 per cent for the year.
The Shanghai Composite Index gained 2.2 per cent, to 3,234.68 points, up 52.9 per cent year to date.
China stocks climbed to near 5-year highs on the last trading day of the year, as mainland markets ended the year up more than 50 per cent - the best annual performance by a major global stock market in 2014 after years spent in the basement.
"This year was a bit unexpected," said Tian Weidong, chief director of research department at Kaiyuan Securities in Xi'an.
"I think it took most people by surprise as they didn't realise this sort of market was possible."
The CSI300 index of the largest listed companies in Shanghai and Shenzhen rose 2.2 per cent, to 3,533.71, to end up 51.7 per cent for the year.
The Shanghai Composite Index gained 2.2 per cent, to 3,234.68 points, up 52.9 per cent year to date.
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