China: Stocks rise in thin turnover as technology shares rally

China's benchmark stock index rose for the fourth time in five days amid speculation President Xi Jinping's state visit to the US will help technology and industrial companies boost exports to 9offset a slowing economy.

 

The Shanghai Composite Index gained 0.9 per cent to 3,143.18 at the close. Eight stocks climbed for every one that fell as trading volumes slumped 42 per cent below the 30-day average before the start of a week-long holiday from next week. Avic Aviation Engine Corp surged 5.8 per cent after Boeing Co unveiled its largest industrial investment in China. The Hang Seng China Enterprises Index slipped 1 per cent in Hong Kong, sending the mainland premium against so-called H shares to the highest level in two weeks.