Fresh hope of reforms pushes A shares to record day's trading
Chinese investors traded a record-breaking 2.15 trillion yuan ($352.4 billion) worth of A shares on Tuesday, on continued optimism that the government would come out with more measures to boost the economy.
Sentiment was also buoyed by hopes that the Shanghai Composite may soon be a part of the top global indexes. The benchmark extended gains for the sixth day, adding 2 percent to close at 4,910.9 points, with turnover above 1 trillion yuan for the third consecutive day. Chinext, China's Nasdaq style board for high-tech startups with the Shenzhen bourse, soared by 4.33 percent to close at 3,618.23 points.
Aviation and traffic equipment, technology and consumer stocks led the gains on Chinese bourses. Nearly 400 stocks rose by the 10 percent daily limit in Shanghai and Shenzhen. China Shipbuilding Industry Co and AVIC Helicopter Co paced gains by defense shares after the government published a white paper on military strategy that charted a bigger role for the navy.