Off the wire
• Xinhua China news advisory -- Aug. 10  • Ferguson anniversary marked with moment of silence  • Myanmar's severe flooding affects 1 mln nationwide: ministry  • Foreign exchange rates in Philippines  • S. Korea says 2 soldiers injured by landmine explosion  • Interview: "I still see China as our No. 1 customer," Western Australia premier  • Australian fisherman clings to his father's body to survive after boat capsizes  • S. Korean president mulls whether to join China's war anniversary  • China treasury bond futures open higher Monday  • China Hushen 300 index futures open higher Monday  
You are here: 　 Home

1st LD-Writethru: Chinese shares open higher on Monday

Xinhua, August 10, 2015 Adjust font size:

Chinese shares extended their rally on Monday as the benchmark Shanghai Composite Index climbed 1.12 percent to open at 3,786.03 points.

The smaller Shenzhen Component Index opened 0.97 percent higher at 12,877.31, while the ChiNext Index, tracking China's NASDAQ-style board of growth enterprises, opened 1.15 percent higher at 2,606.74.

Companies in shipbuilding, aircraft manufacturing and media and entertainment led the rise. China CSSC Holdings Ltd., a leading ship maker, and Minmetals Development Co., a major supplier of metallurgical raw materials, jumped by the daily 10 percent limit.

Shanghai-listed Yonghui Superstores Co. opened nearly 10 percent higher after JD.com, an online retail giant, purchased a 10-percent stake into the domestic supermarket via its affiliated firms controlled by Liu Qiangdong and Sun Jiaming, founders of JD.com.

The deal, valued at 4.31 billion yuan (around 700 million U.S. dollars), is part of the e-commerce giant's campaign to leverage existing networks of bricks-and-mortar stores to boost its supply chain and diversify its offline offerings. Endi