Off the wire
• Israeli wounded in Jerusalem stabbing attack  • Aussie Olympians to receive anti-Zika condoms  • China Hushen 300 index futures close higher Monday  • Coral bleaching troubles Fiji  • China treasury bond futures lower Monday  • (recast) Afghans take streets to protest change in main power line route  • Four detained for whale shark offences in south China  • Afghans take streets to protest change in main power line route  • 1st LD: Indonesia's trade surplus rises in April on lower import  • Apple CEO hails China's app economy following Didi investment  
You are here: 　 Home

1st Ld-Writethru: Chinese shares close higher Monday

Xinhua, May 16, 2016 Adjust font size:

Chinese stocks closed higher on Monday, despite lower-than-expected April economic data.

The benchmark Shanghai Composite Index rose 0.84 percent to close at 2,850.86 points. The smaller Shenzhen index closed 1.55 percent higher at 9,910.08 points.

The ChiNext Index, which tracks China's NASDAQ-style board of growth enterprises, gained 1.61 percent to close at 2,057.86 points.

Turnover rose to 360 billion yuan (55.13 billion U.S. dollars), compared with 347.43 billion yuan the previous trading day.

Although data released over the weekend showed that China's investment, factory output and retail sales all grew more slowly than expected in April, its impact on stock market seems to have been limited.

Non-ferrous metals led the rises, with the sub-index up 2.91 percent. Guangzhou-based Rising Nonferrous Metals Co. jumped 6.81 percent to end at 60.37 yuan.

Lithium battery producers also rose across the board. Shandong Shida Shenghua Chemical Group rose by the 10-percent daily limit to 39.45 yuan. Endi