Chinese shares gain on eased concern about tightening policy

19:16, February 10, 2010      

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Chinese equities rose Wednesday after the country's central bank governor said it was not the right time to raise interest rates in short term, easing concern about a tightening policy.

The benchmark Shanghai Composite Index rose 1.14 percent, or 33.66 points, to 2,982.5 points. The Shenzhen Component Index gained 1.8 percent, or 214.94 points, to 12,185.38 points.

Combined turnover totaled 115.46 billion yuan (16.9 billion U.S. dollars), slightly down from 115.53 billion yuan on the previous trading day.

Gainers outnumbered losers by 733 to 129 in Shanghai and 763 to 104 in Shenzhen.

Source: Xinhua
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