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Shanghai index hits 7-year high

By Xie Yu | China Daily | Updated: 2015-06-06 08:08

Market forecast to consolidate after passing the 5,000 level, but faces more volatility

China's stock market hit a seven-year high on Friday as the benchmark Shanghai Composite Index rose above 5,000.

Analysts said the market will consolidate at this level, but faces "bigger volatility" in coming weeks.

Shanghai index hits 7-year high

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