Shanghai shines amid the gloom

Chinese shares shone in a week of turmoil as most Asian equity markets buckled under the strain of continued uncertainty surrounding the outcome of the proposed US rescue package.

“If the plan doesn't go through this weekend, there'll be a sell-off on Monday,” said Sean Darby, a strategist at Nomura in Hong Kong.

While Chinese shares were not immune to the wider global turmoil, they outperformed their peers over the week, with the Shanghai Composite index closing 10.5 per cent higher at 2,293.784.

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