China stocks extend gains after Brexit hits elsewhere

China's stocks rose again on Wednesday, extending their performance as one of the world's best performers after the United Kingdom's shock vote to leave the European Union, because the market's dominance by local traders helped insulate the nation's shares from global turmoil.

The Shanghai Composite Index advanced 0.7 percent, taking its rally since the start of trading on Friday to 1.4 percent, the best gain among 94 benchmark indexes tracked by Bloomberg after the Jakarta Composite Index.

Drugmakers, industrial and consumer-staples companies have led gains in Shanghai over the period, with traditional medicine maker Beijing Tongrentang Co climbing 7.6 percent. The MSCI All-Country World Index has tumbled 4.5 percent during the same period.