Shares end higher on fresh policy hopes

Shanghai stock market surged to a two-month closing high in heavy trade yesterday, led by property and financial shares on hopes that a meeting of top economic planners this week would produce more government action to aid the sector and the overall economy.

The Shanghai Composite Index ended up 3.57 percent at 2090.773 points, less than a point off the day's high, after rising 7.88 percent last week.

More than 60 Shanghai A shares jumped their 10 percent daily limits.