Markets

China's stocks rise for second day on eased policy concern

(Xinhua)
Updated: 2010-05-24 18:00

BEIJING -- Chinese equities rallied for the second consecutive trading day on Monday. Most stocks gained led by property shares as concerns over tougher measures on property market eased.

The benchmark Shanghai Composite Index rose 3.48 percent to close at 2,673.42 points.

The Shenzhen Component Index gained 4.03 percent to 10,620.13 at the close.

Total turnover climbed to 222.12 billion yuan ($32.53 billion) from 156.19 billion yuan on the previous trading day.

Losers outnumbered gainers by 884 to 1 in Shanghai and by 944 to 2 in Shenzhen.