Chinese shares closed higher on Monday, lifted by strong performances by heavyweights ranging from securities and banks to railways.
The benchmark Shanghai Composite Index went up 1.38 percent to finish at 2,224.65 points, and the Shenzhen Component Index gained 1.58 percent to close at 8,009.73 points.
Total turnover on the two exchanges expanded to 279.8 billion yuan (45.5 billion U.S. dollars) from 243.65 billion yuan the previous trading day.
Chinese authorities on Monday unveiled a set of policies to support development and efficient use of land surrounding railway stations, a move to guide and support railway investment amid the country's urbanization drive.
The State Council said it encourages railway operators to efficiently use and mobilize existing land resources, including the renovation of old railway stations and peripheral areas, in order to help companies fund railway projects and increase revenues.
Buoyed by the news, railway-related stocks rose across the board. Nanjing Kangni Mechanical and Electrical Co., a manufacturer of door systems for railway vehicles, surged by the daily limit of 10 percent to end the day at 17.57 yuan per share.
The ChiNext Index, tracking China's Nasdaq-style board of growth enterprises, also gained 20.34 points, or 1.48 percent, to end at 1,397.78 points on Monday.
GMT 11:02 2018 Tuesday ,11 December
ASE opens trading on lower noteGMT 15:40 2018 Monday ,10 December
Amman stock market closes trading at JD4.4 millionGMT 19:10 2018 Wednesday ,05 December
Index at Palestine stock market drops by less than one pointGMT 17:58 2018 Sunday ,25 November
Amman stock market wraps up trading at JD2.6 millionGMT 14:24 2018 Thursday ,22 November
Russia’s stock market demonstrates record-breaking figures in 2018GMT 11:45 2018 Tuesday ,20 November
Tokyo stocks close lower as tech issues weigh, Nissan tumblesGMT 15:08 2018 Monday ,19 November
Amman stock market wraps up trading at JD6.1 millionGMT 15:51 2018 Sunday ,18 November
U.S. stocks post weekly losses amid tech shares routMaintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor