Chinese equities closed 1.05 percent higher on Thursday in response to an unusually large cut in domestic interest rates.

The benchmark Shanghai Composite Index finished the day at 1,917 points, up 1.05 percent or 19 points. The Shenzhen Component Index rose 2.29 percent, or 149 points, to 6,683.

The benchmark index has risen nearly 10 percent since the government on November 9 announced the 4 trillion yuan (US$585.7 billion) economic stimulus package.

(Xinhua News Agency November 27, 2008)