Equities recover on mainland bourses as sentiment improves

Equities staged a smart recovery on the mainland bourses on Friday, in tandem with other Asian bourses, as sentiment improved on signs of a thaw in trade tensions and efforts by the country to boost the private sector, analysts said.

The Shanghai Composite Index closed 2.70 percent higher at 2676.48 points, notching up a weekly gain of 2.99 percent. The smaller Shenzhen index went up by 3.96 percent to 7867.54 points, while the ChiNext Index, China's Nasdaq-style board for growth enterprises, rose 4.82 percent to 1348.28 points.

Net inflow into A shares under the Northbound stock connect programs hit a record high of 17.9 billion yuan ($2.6 billion).