China stocks close up strongly after holiday

China stocks close up strongly after holiday
Updated on

Summary The Hong Kong stock market was closed on Tuesday.

SHANGHAI (AFP) - Shanghai shares surged 2.52 percent on Tuesday after a long holiday weekend, lifted by hopes for further monetary easing by Chinese authorities, dealers said.

The benchmark Shanghai Composite Index jumped 97.45 points to 3,961.38 -- its highest close since March 14, 2008 -- on turnover of 746.4 billion yuan ($121.8 billion).

The Shenzhen Composite Index, which tracks stocks on China s second exchange, rose 2.10 percent, or 43.69 points, to 2,124.09 on turnover of 639.3 billion yuan.

The Hong Kong stock market was closed on Tuesday.
 

Browse Topics