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China stocks extend rally Feb 3

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advance7 February 3, 2012 (Chinavestor) Chinese stocks ended the week on a high note before a key U.S. jobs report. The Shanghai Composite Index (SHA:) rose 17.8 points or 0.8% as investors turned optimistic ahead of monetary easing. The rally was not as universal as a day before yet was still impressive. Stocks that advanced outnumbered those that fell ten to one among components of the Shanghai Composite Index (SHA:000001). Investors were cautious in Hong Kong where the The Hang Seng Index (INDEXHANGSENG:.HSI) traded sideways ending 17.5 points or 0.1% higher for the day.

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