Stocks rise in Shanghai, Shenzhen

Property, banking, chemical firms post strong gains on major bourses

Equities rose by more than 1 percent on Tuesday in Shanghai and Shenzhen with strong gains seen in real estate, banking and chemical firms, marking a strong beginning on the first trading day of 2018.

The benchmark Shanghai Composite Index gained 1.24 percent to 3,348.33 points while the Shenzhen Component Index rose 1.25 percent to 11,178.05 points. The blue-chip CSI 300 Index rose 1.41 percent, driven by the financial sector sub-index and real estate sub-index.