Home China Headline Global rally has a flow-on effect

Global rally has a flow-on effect

China shares continued Tuesday's rebound yesterday amid the global markets recovery, led by robust performances from brokerage and real estate stocks. The Shanghai Composite Index, which tracks both yuan-denominated A shares and hard-currency B chips, gained 56.419 points, or 1.99 percent, to close at 2,896.594. The A-share index advanced 1.97 percent to 3,043.17, while B chips rose 4.62 percent to 170.7. The Shenzhen Composite Index, tracking the country's smaller bourse, also climbed by 2.61 percent to 750.25. Transaction volume of the two markets increased slightly from the previous session to 112 billion yuan (US$14 billion) yesterday, when more than 90 percent of stocks in both markets advanced. Trackback(0) TrackBack URI for this entry Comments (0) Subscribe to this comment's feed Show/Hide comments Write comment Show/Hide comment form Name Email Website Title Comment Write the displayed characters Add Comment Copyright 2007. All Rights Reserved.

 

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