Stocks are showing "signs of life" after the Shanghai Composite Index reached 2,438.44, topping the 200-day moving average of 2,435.49 for the first time in 229 trading days.

The benchmark index has gained 11 percent in 2012, after falling a combined 33 percent in the previous two years, on speculation the central bank will ease monetary policy to boost economic growth. The Shanghai index last broke its 200-day moving average on January 27, 2011.

China Daily - Agencies