Updated on
Summary The benchmark Shanghai Composite Index added 2.39 percent
SHANGHAI (AFP) - Chinese stocks closed solidly higher on Monday, as the market continued to bask in policies launched by the government last week to avert a market meltdown, dealers said.
The benchmark Shanghai Composite Index added 2.39 percent, or 92.59 points, to 3,970.39 on turnover of 782.4 billion yuan ($128.0 billion). It rose as much as 3.93 percent to trade above the symbolic 4,000-point level during the day.
The Shenzhen Composite Index, which tracks stocks on China s second exchange, jumped 4.18 percent, or 84.99 points, to 2,120.25 on turnover of 391.8 billion yuan.
