Oil stocks rally on news of probe
By Gao Changxin in Shanghai and Du Juan in Beijing | China Daily | Updated: 2014-07-31 06:56
Investigation of Zhou Yongkang buoys market
Oil shares rallied amid a dip in the benchmark on Wednesday after Beijing announced that a retired party leader with close ties to the industry was under investigation.
The oil sector gained an average of 4.95 percent, the highest of all sectors. The benchmark Shanghai Composite Index lost 0.09 percent to 2181.24 points, breaking a six-day winning streak.
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