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Shanghai Stocks Get Lift From Shenhua Dividend -- Market Talk

20 Mar 2017 2:38 am

0238 GMT - China stocks start higher following Friday's late-session selloff as state-owned coal producer Shenhua announces a special dividend that lifts peers' shares. The country's biggest player, Shenhua is up the 10% daily limit in Shanghai while its Hong Kong-listed unit soars 16%. Meanwhile, China's central bank injected a net CNY40 billion ($5.8 billion) of liquidity via open-market operations, the first increase in 17 trading days. The Shanghai Composite rises 0.3% as Shenzhen's gains 0.2% and the startup ChiNext board adds 0.1%. (yifan.xie@wsj.com)

(END) Dow Jones Newswires

March 19, 2017 22:38 ET (02:38 GMT)

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