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Chinese shares extend gains

(Xinhua)    18:28, November 25, 2014
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BEIJING, Nov. 25 -- China's shares continued to rise onTuesday after hitting a three-year high the day before.

The benchmark Shanghai Composite Index moved up 1.37 percent tofinish at 2,567.60 points. The Shenzhen Component Index closed at8,693.43 points, up 1.35 percent.

Total turnover on the two bourses stood at 532 billion yuan (87billion U.S. dollars), lower than the previous day's trading of 584billion yuan.

China's central bank on Tuesday took steps to ease financingpressure on companies, as it lowered the yield for a key short-termmoney rate, the third time it has done so since August.

Development zone related stocks rallied, with the sub-indextracking the sector leaping 3.52 percent. Shanghai ZhangjiangHi-tech Park Development and China World Trade Center Co. Ltd.soared by the daily limit of 10 percent.

Gold producing and trading companies were strong. Zhongjin GoldCorporation advanced 9.98 percent to 9.70 yuan per share. ChenzhouMining Group jumped by the daily trading limit of 10 percent to9.79 yuan per share.

Robot, high-speed rail and satellite navigation companies alsoperformed well.

The ChiNext Index, a NASDAQ-style board tracking growthenterprises closed 2.26 percent higher at 1,541.92 points.Enditem

(Editor:Du Mingming、Bianji)
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