Stocks show 'signs of life'
(China Daily) Updated: 2012-05-04 13:32
Stocks are showing "signs of life" after the Shanghai Composite Index reached 2,438.44, topping the 200-day moving average of 2,435.49 for the first time in 229 trading days.
The benchmark index has gained 11 percent in 2012, after falling a combined 33 percent in the previous two years, on speculation the central bank will ease monetary policy to boost economic growth. The Shanghai index last broke its 200-day moving average on January 27, 2011.
China Daily - Agencies
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