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Chinese shares up more than 3% on reported gov't stimulus plan
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Chinese shares staged a strong rebound Friday from slight losses over the previous two days' trading, on the reported government stimulus plan involving the telecommunications and electronics sectors.

The Shanghai Composite Index advanced 3.23 percent, or 72.7 points, to close at 2,320.79 points.

It ended the second trading week after the national Lunar New Year holiday with an impressive rise in the benchmark index from 2,011.68 points on Feb. 2.

The smaller Shenzhen Component Index gained 3.73 percent, or 309.95 points to close at 8,628.75.

Combined turnover expanded to 252.63 billion yuan (US$36.97 billion) from 221.1 billion yuan on the previous day.

(Xinhua News Agency February 13, 2009)
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