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Money

Chinese shares gain on eased concern about tightening policy

(Xinhua)
Updated: 2010-02-10 16:12
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Chinese equities rose Wednesday after the country's central bank governor said it was not the right time to raise interest rates in the short term, easing concern about a tightening policy.

Related readings:
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Chinese shares gain on eased concern about tightening policy Chinese shares further down on Monday
Chinese shares gain on eased concern about tightening policy Chinese shares up 2.36% to regain 3000-point - Wed
Chinese shares gain on eased concern about tightening policy China shares close lower on new PMI data - Mon

The benchmark Shanghai Composite Index rose 1.14 percent, or 33.66 points, to 2,982.5 points. The Shenzhen Component Index gained 1.8 percent, or 214.94 points, to 12,185.38 points.

Combined turnover totaled 115.46 billion yuan ($16.9 billion), slightly down from 115.53 billion yuan on the previous trading day.

Gainers outnumbered losers by 733 to 129 in Shanghai and 763 to 104 in Shenzhen.
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