Stocks rise 7.6% on positive news
By Jin Jing | China Daily | Updated: 2008-08-21 08:22
SHANGHAI: Stocks jumped 7.63 percent yesterday, the highest in almost four months, on investor confidence that the government would introduce a package to boost the economy.
The benchmark Shanghai Composite Index surged 178.81 points to close at 2523.28, with 893 of the 912 stocks closing higher.
The Shenzhen Component Index rose 7.13 percent, or 567.58 points, to close at 8531.15, with the turnover on the two bourses reaching 65.7 billion yuan ($9.6 billion).
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