The STAR Composite Index, which reflects the performance of stocks on China's sci-tech innovation board, closed 1.51 percent higher at 2,019.77 points on Wednesday.
The STAR 50 Index, which tracks the 50 largest stocks listed on the board that also meet certain liquidity requirements, closed 1.61 percent higher at 1,736.99 points.
The sci-tech innovation board, commonly known as the STAR Market, was inaugurated in June 2019 at Shanghai Stock Exchange. It is designed to support companies in the high-tech and strategic emerging sectors.
China's STAR Composite Index closes higher Wednesday
Former Chinese premier Zhu Rongji died of illness at the age of 98 in Beijing at 11:06 on Wednesday.
Zhu had served as a member of the Standing Committee of the Political Bureau of the 14th and 15th Central Committees of the Communist Party of China (CPC).
An obituary, jointly issued by the CPC Central Committee, the Standing Committee of the National People's Congress, the State Council and the National Committee of the Chinese People's Political Consultative Conference, extolled Zhu as an excellent Party member, a time-tested and loyal communist fighter, and an outstanding proletarian revolutionist, statesman and leader of the Party and the state.
Former Chinese premier Zhu Rongji passes away at 98
