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Chinese shares hit 7-year high

Xinhua, May 22, 2015 Adjust font size:

Chinese shares extended the rally on Friday, with the benchmark Shanghai Composite Index surging 2.83 percent, or 128.17 points, to finish at 4,657.6 points, the highest level in 7 years.

The Shenzhen Component Index gained 1.09 percent, or 173.27 points, to close at 16,045.8 points.

The ChiNext Index, tracking China's Nasdaq-style board of growth enterprises, dropped 0.31 percent, or 10.78 points, to end at 3,516.63 points. Endi