Shanghai stocks end 2015 up 9.4 pct, beating Wall Street
SHANGHAI Dec 31 (Reuters) - Shanghai stocks ended 2015 up nearly 10 percent, beating Wall Street and most other major markets, and shaking off a savage summer rout.
The Shanghai Composite Index ended Thursday's session 0.9 percent lower at 3,539.18 points, while China's blue-chip CSI300 index declined 0.9 percent to 3,731.00 in thin volume on the last day of year.
For the year, the Shanghai gauge advanced 9.4 percent, capping a year of wild fluctuations that sent shock waves across global markets.
In comparison, the S&P 500 index is up just 0.2 percent, while the Dow Jones Industrial Average is in negative territory. The Shanghai market has also outperformed most other major markets in Europe and Asia.
But the year in China was definitely not one for the faint-hearted.
Fuelled by excessive leverage, the Shanghai market surged nearly 60 percent early in the year before crashing in mid-June, wiping off about one-third of the market's value in just three weeks.
An unprecedented and often heavy handed government rescue programme has helped prices rebound about 25 percent from their August lows, but sentiment remains fragile heading into 2016.
A regulatory ban on large share sales that was imposed during the crash will expire in January.
While 2016 is expected to be another volatile year for China equities, some market watchers are expecting less drama, with Goldman Sachs expecting the trading pattern to be "fat and flat." Continuación...