1st LD-Writethru: Chinese stocks rally, tracking global gains

BEIJING, March 6 (Xinhua) -- Chinese stocks matched strong rebounds in global equity markets Tuesday, led by gains by metal producers and coal miners.

The benchmark Shanghai Composite Index pared early losses to close 1.00 percent higher at 3,289.64 points. The Shenzhen Component Index climbed 1.22 percent to close at 11,007.95 points.

Combined turnover on the two bourses expanded to 494.9 billion yuan (about 78.1 billion U.S. dollars) from 386.5 billion yuan the previous trading day.

Gainers outnumbered losers by 1,088 to 196 at the Shanghai bourse and by 1,408 to 455 at Shenzhen.

The shares of newly listed companies maintained their strong performance Tuesday, with the sub-index rising 3.6 percent. Among those firms, seven surged by the daily limit of 10 percent.

Yunnan Aluminium Co. and Henan Shenhuo Coal& Power Co. surged by the daily 10 percent limit to 8.67 percent and 8.25 yuan, respectively.

Sub-index of the coal-mining sector surged 3.4 percent, with Yanzhou Coal Mining Company growing 6.7 percent to 15.46 yuan, while shares of Yang Quan Coal Industry Co. up 9.2 percent to 8.87 yuan.

Overnight, U.S. stocks gained as market concerns abated about a trade war related to possible tariffs on U.S. steel and aluminum imports.

The Dow Jones Industrial Average added 336.70 points, or 1.37 percent, to 24,874.76. The S&P 500 increased 29.69 points, or 1.10 percent, to 2,720.94. The Nasdaq Composite Index was up 72.84 points, or 1.00 percent, to 7,330.70.

The European and other Asian markets also posted strong gains. Enditem