Chinese shares rally 4.18% on GDP data
Updated: 2012-01-17 15:52
BEIJING - China's stocks surged 4.18 percent Tuesday, the most since September 3, 2009, boosted by the stronger-than-expected GDP data.
The benchmark Shanghai Composite Index advanced 4.18 percent, or 92.18 points, to close at 2,298.38.
The Shenzhen Component Index climbed 4.95 percent, or 436.62 points, to finish at 9,264.09.
The growth of China's gross domestic product (GDP) slowed to 8.9 percent in the fourth quarter of 2011, the National Bureau of Statistic said Tuesday.
The GDP growth was the slowest in 10 quarters but faster than overall market forecast.
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