Chinese shares up 0.86 percent in morning
2008-05-04 19:51:44 SINA English
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SHANGHAI, May 5, 2008 - Chinese share prices were higher in Monday morning trade on follow-through interest after the key index jumped nearly five percent in the previous session, dealers said.
They said a 25 basis point rate cut by the US Federal Reserve last week also encouraged Chinese investors.
The benchmark Shanghai Composite Index, which covers A and B shares, was up 31.59 points or 0.86 percent to 3,724.70.
The Shanghai A-share index added 33.25 points or 0.86 percent to 3,908.47 points, while the Shenzhen A-share index rose 7.78 points or 0.68 percent to 1,160.33.
(Agencies)
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