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

Xinhua, November 16, 2015 Adjust font size:

Chinese shares recovered from losses seen in the last two trading days with a strong performance, despite lowered risk appetite of investors following the Paris attacks.

The benchmark Shanghai Composite Index gained 0.73 percent to close at 3,606.96 points while the smaller Shenzhen index went up 1.76 percent to close at 12,620.38 points.

Total turnover on the Shanghai and Shenzhen bourses shrank to 908.7 billion yuan (142.5 billion U.S. dollars), down from 1.14 trillion yuan the previous trading day.

Shares in high-tech manufacturing companies gained the most, with Shenzhen Jasic Technology and Zhejiang Qianjiang Motorcycle rising by the daily limit of 10 percent.

Asian stock markets opened lower in the morning on Monday amid high risk aversion of investors after the Paris terrorist attacks.

Hong Kong's benchmark Hang Seng index opened down 2 percent while Japan's Nikkei 225 tumbled 1.7 percent.

The Shanghai Composite Index also slumped 1.63 percent in the morning before quickly recovering on shares related to the national security industry.

The attacks in Paris will lower the global investors' risk appetite in the short-term but will not affect the markets in the long run, said Sinolink Securities.

The ChiNext Index, which tracks China's NASDAQ-style board of growth enterprises, up 3.21 percent to close at 2,797.16 points on Monday. Endi