SHANGHAI: China stocks gains for a second straight week, as MSCI 's decision to include mainland shares in a key index fuelled a buying spree for blue-chips, even as concerns lingered over a slowdown in the world's second largest economy The blue-chip CSI300 index ON Friday fell 0.1 per cent, to 3,666.80 points, while the Shanghai Composite Index added 0.1 per cent to 3,192.43 points.For the week, CSI300 gained 1.2 per cent and SSEC rose 1.1 per cent.For the month, CSI300 gained 4.9 per cent, its best month since November, while SSEC was up 2.4 per cent.For the quarter, CSI300 advanced 6.1 per cent and SSEC lost 0.9 per cent.Chinese fund managers have turned more upbeat as headwinds that had pressured domestic markets eased, according to a monthly Reuters poll.U.S. index provider MSCI's has agreed to add 222 China-listed large-cap stocks to its Emerging Markets Index ( EMI ), tracked by around $1.6 trillion.And the index could raise its weighting of China A-shares, potentially adding 195 mid-sized stocks.China's factories grew at the quickest pace in three months in June, buoyed by strong new orders in a sign of stabilising growth, though analysts expect a further slowdown is inevitable as Beijing cracks down on debt risks.Over the past two weeks after MSCI's inclusion, banking and consumer stocks, which would represent the biggest weightings of China stocks in the MSCI EMI, had become the top performing sectors, advancing 4.7 per cent and 4.6 per cent respectively.

Source: Economic Times June 30, 2017 07:41 UTC