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Chinese Shares Rise 2.7% as Macro Economy Expected to Recover in Q1

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Chinese shares rose 2.7 percent on Friday, driven by world stock market gains and expectations on recovering macro economy in the first quarter, analysts said.

The benchmark Shanghai Composite Index rose 2.7 percent, or 64.35 points to close at 2,444.23. The Shenzhen Component Index was up 3.49 percent, or 315.13 points to close at 9345.44.

Gains outnumbered losses by 899 to 18 in Shanghai and 763 to 20 in Shenzhen.

Combined turnover rose to 239.98 billion yuan (US$35.14 billion) from 166.94 billion yuan the previous trading day.

(Xinhua News Agency April 10, 2009)