HONG KONG Feb 12 China shares hovered at their
highest in nearly six weeks on Wednesday, helped by strong gains
for Beijing Wangfujing Department Store as investors cheered its
plan to develop e-commerce capabilities with Tencent Holdings.
Both onshore indexes underperformed Asian markets, shrugging
off robust China trade data as investors took stock of recent
robust gains for the financial sector. Wangfujing
jumped 10 percent in Shanghai.
The Shanghai Composite Index ended up 0.3 percent at
2,110.2 points, its highest since Dec. 31. The CSI300
of the biggest Shanghai and Shenzhen A-share listings, also
rising 0.3 percent, reached its highest close since Jan. 2.
The Nasdaq-style ChiNext Composite Index of
mostly hi-tech startups listed in Shenzhen outperformed, rising
1.3 percent to a record closing high.
(Reporting by Clement Tan; Editing by Richard Borsuk)