China: Shanghai stocks close up nearly 3% after holiday

Shanghai stocks ended almost three per cent higher on Thursday on returning from a week-long break, with dealers betting on more stimulus after authorities announced a series of measures during the holiday.

PHOTO: REUTERS

OCT 8, 20153:38 PM

[SHANGHAI] Shanghai stocks ended almost three per cent higher on Thursday on returning from a week-long break, with dealers betting on more stimulus after authorities announced a series of measures during the holiday.

The benchmark Shanghai Composite Index jumped 2.97 per cent, or 90.58 points, to 3,143.36, while the Shenzhen Composite Index, which tracks stocks on China's second exchange, surged 4.00 per cent, or 68.61 points, to 1,785.39.

AFPj