Steel, home appliances lead stock rally

BEIJING/SHANGHAI - Chinese shares edged up on Monday, supported by the steel and home appliance sectors. The benchmark Shanghai Composite Index rose 0.49 percent to close at 3,388.17 points. The Shenzhen Component Index closed 1.41 percent higher at 11,373.74 points. The bluechip CSI300 index rose 0.7 percent to 4,020.89 points.

Combined turnover on the two bourses came in at 465 billion yuan ($70 billion).

The ChiNext Index, China's Nasdaq-style board of growth enterprises, gained 0.95 percent to close at 1,850.3 points.