Shanghai Composite Index Tops 5,000 for First Time Since 2008
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The Shanghai Composite Index climbed above 5,000 points for the first time in seven years, the latest milestone in a world-beating rally.
China’s benchmark gauge added 1.5 percent to 5,023.09 at the close, led by materials and industrial companies, with trading volume 37 percent above the 30-day average. The gauge advanced 8.9 percent this week, the most since December, widening the premium over Hong Kong-listed mainland stocks to 36 percent, the most since October 2011. Price swings are also widening, with the Shanghai index’s 100-day volatility measure at the highest level in more than five years.