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Chinese Shares Gain 1.99% to New 10-month High

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Chinese shares continued its upward trend for the fourth consecutive trading day and rose 1.99 percent on Wednesday, driving the benchmark Shanghai Composite Index to a new 10-month high since August last year.

The Shanghai Composite Index gained 1.99 percent, or 54.29 points, to close at 2,778.59 points on Wednesday.

(Xinhua News Agency June 3, 2009)