Markets

Chinese shares rise on economic data release - Aug 11

(Xinhua)
Updated: 2010-08-11 16:27

BEIJING - Chinese shares rebounded Wednesday after a significant decline on the previous trading day, as the newly released July economic data fell within market expectation.

Related readings:  Chinese shares drop on economic slowdown fears - Aug 10  Agriculture producers drive up Chinese shares - Aug 9  China stocks rise on unchanged monetary policy   China's stocks fall - Aug 5

The benchmark Shanghai Composite Index closed at 2,607.5 points, up 12.23 points, or 0.47 percent.

The Shenzhen Component Index ended at 10,806.63 points, up 91.24 points, or 0.85 percent.

Turnover shrank to 174.52 billion yuan ($25.55 billion) from 246.83 billion yuan on the previous trading day.

Gainers outnumbered losers by 713 to 144 in Shanghai and 823 to 179 in Shenzhen.