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Chinese shares higher, tracking U.S. gains on Yellen comments

Xinhua, March 30, 2016 Adjust font size:

China's stocks rallied on Wednesday, with the benchmark Shanghai Composite Index up 2.77 percent to 3,000.64 points, tracking gains on Wall Street after U.S. Federal Reserve Chair Janet Yellen signaled a cautious approach to future interest rate hike.

The smaller Shenzhen index surged 3.48 percent to end at 10,445.69 points. The ChiNext Index, which tracks China's NASDAQ-style board of growth enterprises, rose 4.47 percent to close at 2,248.78 points. Endi