Asian stocks recorded moderate gains yesterday as investors awaited the response of European markets to the results of stress tests on the region's banks.
Shanghai advanced for a sixth successive session – its longest rally since November – as confidence remained buoyed by optimism that the authorities could loosen policy in the months to come.
The Composite index rose 0.7 per cent to 2,588.68, its highest close for a month. The indicator has gained 6.8 per cent since July 16, but is still down about 20 per cent since the start of January, making the market one of the world's worst performers this year.
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