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1st LD-Writethru: Chinese shares close higher Wednesday

Xinhua, June 15, 2016 Adjust font size:

Chinese stocks closed higher Wednesday, despite the news that China's A-shares would not be included into an influential global equities index.

The benchmark Shanghai Composite Index ended the day up 1.58 percent, at 2,887.21 points. The smaller Shenzhen index closed 2.82 percent higher at 10,173.85 points.

Combined turnover on the two bourses stood at 573.07 billion yuan (86.82 billion U.S. dollars).

The ChiNext Index, China's NASDAQ-style board of growth enterprises, gained 3.42 percent to close at 2,128.80 points.

Global equity indexes provider MSCI announced that it would delay including Shanghai- and Shenzhen-listed stocks, or A-shares, in the MSCI Emerging Markets Index and would reassess the situation by June 2017

This decision was not a surprise, while onshore and offshore brokers had been more optimistic there would be a favorable decision, said a Nomura note.

Electricity generation equipment and textile machinery led the rises. Endi