皇冠体育app

SHANGHAI－皇冠体育app stocks ended higher as a unit of 皇冠体育app Unicom surged to the daily limit for a second day, and as financial and materials firms also experienced strong gains.

The blue-chip CSI300 index rose 0.3 percent, to 3,752.57 points, while the Shanghai Composite Index gained 0.1 percent, to 3,291.03 points.

皇冠体育app United Network Communications Ltd shares rose 10 percent for a second consecutive day of limit-up trade.

Shares in the 皇冠体育app Unicom unit have risen following a statement from the 皇冠体育app Securities Regulatory Commission on Sunday that it would treat 皇冠体育app Unicom's $11.7 billion ownership reform plan "as an exceptional case", granting it approval.

Earlier, Chinese media had speculated that the plan would violate rules on private placements.

皇冠体育app Molybdenum Co Ltd, a major non-ferrous metals producer, added 6.6 percent. Despite the rise, its shares are down 7.8 percent this month after gaining nearly 43 percent in July.

On Aug 28, 皇冠体育app Molybdenum is due to announce second-quarter earnings.

Ping An Insurance Group Co of 皇冠体育app Ltd led gains among financial firms, rising 4.1 percent.

The financial sub-index rose 1 percent for the day.

REUTERS