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Economy

Chinese shares soar on Wednesday afternoon

1
2015-11-04 15:42Xinhua Editor: Gu Liping

沪指放量收涨4.31%二百股涨停 创业板直逼2600点

周三,受“十三五规划”、“习近平、马英九会面”、“深港通将开通”等多重利好刺激,A股今日突飞猛进。券商股全体涨停,保险、银行、地产、资源等权重股搭台,题材股轮番上涨。沪指飙升逾4%站稳3400点,创业板飙涨6%,逼近2600点。两市成交额9941亿元,个股普涨,200股涨停。

Chinese shares soared on Wednesday afternoon following the announcement of a scheduled meeting between leaders across the Taiwan Strait and strong service sector data.

The benchmark Shanghai Composite Index rose more than 3.67 percent and the smaller Shenzhen index surged over 4.56 percent. The ChiNext Index, tracking China's NASDAQ-style board of growth enterprises, jumped more than 5.44 percent.

Financial institutions led the rise with the whole securities sector rising more than 9.8 percent.

The market opened higher in the morning following news that Xi Jinping and Ma Ying-jeou will meet on Saturday in Singapore to exchange views on promoting peaceful development of cross-Strait relations, and discuss major issues on deepening cross-Strait cooperation in various areas.

Companies that may benefit from the potential cooperation saw their prices up. Fujian Cement Inc. and Xiamen ITG Group rose by the daily limit of 10 percent.

The surge also came after the release of the Caixin China General Services PMI (Purchasing Managers' Index), which came in at 52 in October, up from 50.5 in September, indicating stronger demand in the country's service sector.

  

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