China stocks close up as new energy shares boost

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SHANGHAI, Nov 17 (Businesshala) – China shares closed higher on Wednesday led by non-ferrous metals and new energy stocks.

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The blue-chip CSI300 index gained 0.1% to 4,885.75, while the Shanghai Composite Index gained 0.4% to 3,537.37.

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** Lithium shares rose 10%, with Tibet Summit Resources Co., Chengxin Lithium Group and Tianqi Lithium Corp.

** The boom led by more than 2.5% each in the non-ferrous metals sub-index and the new energy sub-index.

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** New energy vehicles and photovoltaic shares, two sub-sectors of the new energy industry, also increased.

** A US judge overseeing trade issues on Tuesday overturned a decision by then-President Donald Trump to allow tariffs on some imported solar panels here.

** The new energy index has doubled in a year as China steps up efforts to become more green.

** High-end equipment manufacturers and defense stocks rose 2.5% and 2.1%, respectively.

** Of the first batch of 81 companies, 40 new ones entered the Beijing Stock Exchange.

** Shares have been trading sideways recently, and Wanho Securities said it expects the market to remain limited in the near future, with investors looking for directional clues.

** It said expectations of policy easing will increase as the year ends, and suggested buying blue-chips. (Reporting by Shanghai Newsroom; Editing by Uttaresh V)

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