OREANDA-NEWSTrading on the exchanges of mainland China ended with the growth of quotations. Positive dynamics in the stock markets of Shanghai and Shenzhen is observed for the second day in a row after a serious decline at the beginning of the week, when the main indices collapsed by more than 7%.

The Shanghai Composite Index, reflecting the situation on the Shanghai Stock Exchange, rose 1.25% by the close of trading, to 2818.09 points. Quotes rose across the entire spectrum of blue chips. Most strongly rose shares of pharmaceutical companies. The corresponding composite index jumped 4.71%.

February 3 was the first day of mainland China's stock markets after the Chinese New Year holiday on January 24. Experts associated the collapse of quotes after the resumption of trading with the concerns of market participants regarding the negative impact of coronavirus on the business environment.

Due to the outbreak of the disease during the New Year holidays, the volume of passenger transportation by land and air has noticeably decreased, sales in retail chains have fallen, companies related to the service sector in China have suffered losses.