China's benchmark stock index closed higher Monday despite a bearish U.S. market, boosted by shares of companies in the southern Chinese island province of Hainan.
The benchmark Shanghai Composite Index went up 0.23 percent to close at 3,138.29, while the Shenzhen Component Index dropped 0.29 percent to close at 10,653.38.
Trading remained thin as combined turnover on the two bourses stood at around 436.8 billion yuan (69.2 billion U.S. dollars).
The gain in the benchmark came despite poor performance of global stock markets the previous trading day. U.S. stocks plunged on Friday over fears of intensified trade tensions, with all three major indices dropping by over 2 percent.
Shares of companies based in Hainan Province registered widespread gains as an important annual conference kicked-off there Sunday.
Hai Nan Yedao (Group), a Hainan-based beverage maker, saw its shares jump by the daily limit of 10 percent.
The Boao Forum for Asia annual conference 2018, themed "An Open and Innovative Asia for a World of Greater Prosperity," runs from April 8 to 11 in Boao of Hainan Province.
The ChiNext Index, which tracks China's NASDAQ-style enterprises, gained 0.26 percent to close at 1,841.65 Monday.
The benchmark Shanghai Composite Index went up 0.23 percent to close at 3,138.29, while the Shenzhen Component Index dropped 0.29 percent to close at 10,653.38.
Trading remained thin as combined turnover on the two bourses stood at around 436.8 billion yuan (69.2 billion U.S. dollars).
The gain in the benchmark came despite poor performance of global stock markets the previous trading day. U.S. stocks plunged on Friday over fears of intensified trade tensions, with all three major indices dropping by over 2 percent.
Shares of companies based in Hainan Province registered widespread gains as an important annual conference kicked-off there Sunday.
Hai Nan Yedao (Group), a Hainan-based beverage maker, saw its shares jump by the daily limit of 10 percent.
The Boao Forum for Asia annual conference 2018, themed "An Open and Innovative Asia for a World of Greater Prosperity," runs from April 8 to 11 in Boao of Hainan Province.
The ChiNext Index, which tracks China's NASDAQ-style enterprises, gained 0.26 percent to close at 1,841.65 Monday.
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