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1st LD-Writethru: Chinese shares soar Tuesday

Xinhua, May 31, 2016 Adjust font size:

Chinese stocks soared Tuesday thanks to positive anticipation that global stock index compiler MSCI may add China's A-share market into its index.

The benchmark Shanghai Composite Index increased 3.34 percent to end the day at 2,916.62 points. The smaller Shenzhen index closed 4.00 percent higher at 10,159.93 points.

Trading on the two bourses rocketed to 631.57 billion yuan (95.98 billion U.S. dollars), up from 333.48 billion yuan the previous trading day.

The ChiNext Index, China's NASDAQ-style board of growth enterprises, gained 4.92 percent to close at 2,159.80 points.

MSCI has been reviewing the case to add China's yuan-denominated A shares into its widely-tracked benchmarks and will announce its decision next month. Endi