Stocks extend gains on stimulus plan

China's stock market rose yesterday, led by financial, property and construction related shares in modest turnover, lifted by the positive impact of this week's announcement of a major economic stimulus package.

The Shanghai Composite Index ended up 0.84 percent at 1859.110 points, after falling 1.66 percent on Tuesday.

Gaining Shanghai stocks outnumbered losers by 822 to 98, with more than 25 Shanghai A shares jumping by their 10 percent daily limit. The turnover in Shanghai A shares shrank to 40.9 billion yuan from Tuesday's 56.5 billion yuan.