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China stocks post biggest single-day rallies in 8 months (2)

Xinhua)  11:50, September 08, 2012

An investor stands in front of an electronic index board at a brokerage house in Wuxi, east China's Jiangsu Province, Sept. 7, 2012. (Xinhua/Huan Yueliang)

China stocks on Friday posted the biggest single-day rallies in almost eight months and recovered last month's losses in just one day after the country's top economic planner unveiled trillion-yuan stimulus plans to buoy the slowing economy. The benchmark Shanghai Composite Index jumped 75.84 points, or 3.7 percent, to close at 2,127.76, marking the biggest daily gain by percentage points since Jan. 18 this year. The Shenzhen Component Index surged 420.8 points, or 5.08 percent, to close at 8,709.07.

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