Stocks rise on fresh stimulus

Chinese stocks rose to a 3-week high after the government unveiled a new round of financial stimulus moves to boost the economy.

The benchmark Shanghai Composite Index edged up 1.84 percent, or 36.09 points, to close at 2001.5 yesterday. And the turnover on the bourse ballooned to 125.7 billion yuan from Wednesday's 90.7 billion yuan, reaching the highest point since May 9.

The smaller Shenzhen Component Index also jumped 1.28 percent, or 89.86 points, to finish at 7130.9.