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At close of trade, the benchmark Shanghai Composite index was up 1.55%, or 47.73 points, to 3,132.43. The Shenzhen Composite Index, which tracks stocks on China's second exchange, added 1.91%, or 35.90 points, to 1,913.53. The blue-chip CSI300 index climbed up 1.81%, or 66.49 points, to 3,738.93.
CURRENCY NEWS: China's yuan firmed against the dollar on Friday, inline with stronger mid-point fixing by the central bank. Prior to market opening, the People's Bank of China (PBOC) set the midpoint rate CNY=PBOC at 7.1729 per dollar, 1 pip firmer than the previous fix of 7.173. In the spot market, the onshore yuan CNY=CFXS was changing hands at 7.3000 by midday, 66 pips firmer than the previous late session close.
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