UPDATE 1-China's backwater 'B-shares' spike as Hong Kong rally spills over

April 10, 2015 3:27 AM

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SHANGHAI, April 10 (Reuters) - China's B-share market, a long neglected corner of China's stock market, is enjoying a massive revival as a rally in Hong Kong spills over into the foreign-currency denominated B-shares trading in Shanghai and Shenzhen.

The Shanghai's dollar-denominated B-share index rose 9 percent on Friday to 346, a seven-year high and its largest one-day rally since 2009, with every single component of the index rising by 10 percent, the maximum daily limit.

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