Stocks end at highest level in seven years

Chinese shares rose to the highest level in seven years in volatile trade as bets that MSCI Inc will include mainland shares in its indexes overshadowed weaker shipments data. The ChiNext index of smaller and startup companies tumbled 4.67 percent to close at 3,704.55 points.

Bank of Communications Co climbed to its highest level in six years, pacing gains by financial shares, while Shen-zhen Infogem Technologies Co slumped by the 10 percent daily limit, pacing declines on the ChiNext.

The Shanghai Composite Index rose 2.2 percent to 5,131.88 points, its highest since January 2008, extending last week's 8.9 percent rally.