China stocks close higher on strong property shares

Chinese stocks closed higher on Thursday, lifted by strong property shares.

The benchmark Shanghai Composite Index went up 0.54 percent to close at 3,042.31 points, and the smaller Shenzhen Composite Index closed 0.74 percent higher at 10,662.21 points.

The ChiNext Index, which tracks China's NASDAQ-style board of growth enterprises, gained 0.29 percent to close at 2,168.42 points.

Combined turnover on the two bourses stood at 417.3 billion yuan (62.75 billion U.S. dollars).

The rebound followed overnight gains in the U.S. stock market as the U.S. Federal Reserve's decision to keep interest rates unchanged boosted market sentiment.

Property shares led the gains on Thursday. China Vanke, the country's biggest listed developer, surged 9.67 percent to 27 yuan (4.06 U.S. dollars).

Source : XINHUA