Chinese shares close up 1.84 percent

Chinese share prices closed 1.84 percent higher Monday on continued positive sentiment following a jump of nearly five percent in the key index during its previous session, dealers said.

A 25 basis points rate cut by the US Federal Reserve last week also encouraged Chinese investors on their return to the market from last week's Labour Day holiday, they added.

The benchmark Shanghai Composite Index, which covers A and B shares, closed up 67.90 points at 3,761.01 on turnover of 147.6 billion yuan (21.1 billion dollars).

The Shanghai A-share Index was up 71.23 points or 1.84 percent to 3,946.45 on turnover of 147.1 billion yuan. The Shenzhen A-share Index added 34.28 points or 2.97 percent to 1,186.83 on turnover of 64.0 billion yuan.

(Agencies)