Market senses big spending on extended National Day holiday

Shanghai’s key stock index ended slightly higher yesterday, lifted by consumer companies amid expectations that the coming National Day holiday beginning on October 1 will boost consumption. Market sentiment was also buoyed by first-day trading in China ’s second-biggest initial public offering this year. Metallurgical Corp, whose engineering work includes construction on the Beijing Olympics “Bird’s Nest” stadium, closed 28 percent above its offer price. The benchmark Shanghai Composite

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