Economic review

Chinese shares rebound from rough week

2018-02-12 17:04:00 (Beijing Time)         Xinhua

0

China's major stock indices rose on Monday, tracking Wall Street rebound after last week's ferocious sell-off.

Investors hunted for bargains as the benchmark Shanghai Composite Index increased 0.78 percent to 3,154.13 points. The Shenzhen Component Index closed 2.91 percent higher at 10,291.88 points.

The ChiNext Index, which tracks China's NASDAQ-style board of growth enterprises, gained 3.49 percent to close at 1,648.07 points.

Small-caps led the gains as lithium battery and farm machinery producers rallied.

Agriculture stocks rose after China's leadership unveiled new measures to boost agriculture sector. Thinker Agricultural Machinery Co. Ltd. gained 8.79 percent to 12.99 yuan. First Tractor Co. Ltd. edged up by 6.57 percent to 6.65 yuan.

Bucking the trend, heavyweight bluechips such as banks and securities dealers fell.