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Stocks skyrocket in Chinese post-holiday trading

Yuan Luhang

China shares jumped after an extended national holiday break, with investors taking reassurance from positive economic data and indications of a rebound in tourism and consumption over the week-long holiday.

At close, the Shanghai Composite Index was up 1.68 percent at 3,272.08. The Shenzhen Component Index surged 2.96 percent to 13,289.26 points. The ChiNext Composite Index soared 3.81 percent to 2,672.93 points. China’s bluechip CSI300 index was up 2.04 percent.

Turnover on the two major bourses rose to 711.2 billion (US$105.59 billion) from 540 billion yuan in the previous session.

Most shares posted gains, with gainers outnumbering losers by 1,649 to 112 on the Shanghai bourse and 2,192 to 113 in Shenzhen.

Read more in Shangai Daily

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