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Message: Chinese shares surge 3.36% to 10-month high
Chinese shares surge 3.36% to 10-month high
(Xinhua) Chinese shares jumped 3.36 percent Monday, the first trading day after the traditional Chinese Dragon Boat Festival that fell on Thursday, driving the benchmark Shanghai Composite Index to a nearly 10-month new high since early August last year. Related readings: The Shanghai Composite Index gained 3.36 percent, or 88.35 points, to close at 2,721.28 points Monday. Chinese shares jumped 3.36 percent Monday, the first trading day after the traditional Chinese Dragon Boat Festival that fell on Thursday, driving the benchmark Shanghai Composite Index to a nearly 10-month new high since early August last year. The Shanghai Composite Index gained 3.36 percent, or 88.35 points, to close at 2,721.28 points Monday. The Shenzhen Component Index went up 2.9 percent, or 293.42 points, to 10,421.34. Gains outnumbered losses by 762 to 90 in Shanghai and 628 to 93 in Shenzhen. Combined turnover expanded to 225.23 billion yuan ($32.99 billion) Monday from 161.26 billion yuan on the previous trading day. China drafts energy stimulus plan (Xinhua) A preliminary draft for China's energy stimulus plan has been done, but the contents and the time of the bill's launch have not been revealed, a senior energy official said in Beijing on Monday. The National Energy Administration has been soliciting opinions from local governments, related authorities, industry players and specialists since April 2, Liu Qi, deputy head of the administration, told a press conference Monday. Related readings: The plan needs more work before it is reported to the National Development and Reform Commission and the State Council, said Liu. Liu did not release further details about the content. Vice Premier Li Keqiang said by the end of May that China should promote the development of such emerging strategic industries as new energy industry, and the development of new energy and environmentally-friendly products was the key to stabilizing exports and spurring domestic spending and investment. According to the vice premier, fiscal and tax incentives should be strengthened to promote application of new energy and environmental protection technology. Personal Comment .: Some bold moves have been made by China towards the environment over the last few months it should have a great influence in asia as well as among emerging market nations such as India and Indonesia but also in africa not to mention the whole green enrgy worldwide .
Updated: 2009-06-01 16:15
Chinese shares rise 1.71%, led by oil producers
Chinese shares fall slightly
Chinese shares rise, led by financial and real estate stocks
Shanghai Composite Index breaks 4,100-point mark
Updated: 2009-06-01 15:01
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