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Chinese Shares Rise 3.02%

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Chinese equities rose 3.02 percent on Tuesday as investors expect more economic stimulus measures from the government.

The benchmark Shanghai Composite Index added 3.02 percent, or 65.04 points, to 2,218.33. The Shenzhen Component Index rose 4.58 percent, or 367.18 points, to 8,389.87.

Gains outnumbered losses by 834 to 2 in Shanghai and 701 to 6 in Shenzhen.

Combined turnover was 170 billion yuan (US$24.89 billion), representing a big surge from 93 billion yuan on the previous trading day.

(Xinhua News Agency March 17, 2009)