China stocks post strong gains despite warning against "irrational exuberance"

April 21, 2015 7:18 AM

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SHANGHAI, April 21 (Reuters) - China stocks jumped on Tuesday as bullish investors piled into small-cap stocks, betting on further gains despite stretched valuations and a warning from official Xinhua News Agency against "irrational exuberance."

The CSI300 index of the largest listed companies in Shanghai and Shenzhen rose 2.2 percent to 4,619.16 points, while the Shanghai Composite Index gained 1.8 percent to 4,293.62 points.

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