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China stocks post biggest single-day rallies in 8 months (3)

Xinhua)  11:50, September 08, 2012

Investors stare at screens at a brokerage house in Qingdao, east China's Shandong Province, Sept. 7, 2012.  (Xinhua/Yu Fangping)

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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