Shares in Shanghai hit a new seven-month high on Tuesday, helped by commodity and health care-related stocks, the South China Morning Post reported. The Shanghai Composite Index closed up 0.8% to 2,439.182 points, its highest close since August 20, 2008. Expectations of an economic recovery helped shares of companies like coal firm China Shenhua Energy and copper producer Jiangxi Copper. Health care stocks rose thanks to new details from the State Council on plans for China’s health care reform. Shinva Medical Instrument rose by 4.62%, while Renhe Pharmacy was up by the 10% daily limit. Publishers also benefited from the announcement earlier of new guidelines to encourage the entry of private capital in publishing houses.
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