Renewed optimism lifts equities

Investors' expectations for easier policies from the central authorities sent stock indexes to a several-month high on Tuesday, with automotive, bank and property sectors leading the rally.

The CSI 300 of Shanghai and the Shenzhen A-share listings rose 1.22 percent to close at 2,192.70 points, the highest point since April 23. The benchmark Shanghai Composite Index also jumped 1.02 percent to 2,075.48 points, and turnover expanded to 98.7 billion yuan ($15.7 billion) from 75.7 billion yuan on Monday.

"A shares are recovering as the economy stabilizes," a report issued on Monday by Guotai Junan Securities Co Ltd said.