China's Shanghai Composite surges 4.4 pct, hits 4-month high

HONG KONG Fri Dec 14, 2012 12:32am EST

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HONG KONG Dec 14 (Reuters) - China's Shanghai Composite surged more than 4 percent on Friday, hitting its highest level in four months following a strong manufacturing survey and speculation of government-backed institutional buying in mainland markets.

The Shanghai index last traded up 4.4 percent at 2,151.08 while the large-cap CSI300 rose as much as 5 percent.

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