Business / Markets

Shenzhen index jumps 4%

By Dai Tian ( Updated: 2015-04-21 16:28

Shenzhen index jumps 4%

An investor checks share prices at a brokerage in Huaibei, Anhui province, April 21, 2015. [Asianewsphoto by Xie Zhengyi]

Chinese stocks rebounded on Tuesday after the biggest retreat in six weeks, with the Shenzhen index jumping by 4.1 percent.

The benchmark Shanghai Composite Index climbed 1.8 percent to 4,293.62 points, reversing Monday's loss, while the Shenzhen Component Index closed at 14,439 points, up 567.4 points.

The Chinext index at Shenzhen's Growth Enterprise Market board rallied 5.8 percent on Tuesday, with 46 stocks jumping by the daily limit of 10 percent.

Internet stocks led the gain, as companies such as web security provider NS Focus and data solution provider Tong Tech jumped by the daily limit.

Distillers remained bullished, with Kweichow Moutai Co and China Yanghe Distillery gaining 10 percent and Laobaigan 8.4 percent. Brokerages including Western Securities, Changjiang Securities and Dongxing Securities rebounded and surged by the daily limit.

Train manufacturers CSR Corp and CNR Corp slid 10 percent after Citigroup warned of bubble and advised selling. China Railway Construction Corp and China Railway Group tumbled 8.1 and 5.6 percent respectively.

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