Chinese shares rebound led by strong telecommunications
2008-05-08 00:28:08 Xinhua English
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BEIJING, May 8 (Xinhua) -- Chinese stocks gained 2.17 percent on Thursday after declining for two consecutive days, pulled up by telecommunication stocks amid prospects that the government would speed up restructuring in the sector.
The benchmark Shanghai Composite Index, which covers both A and B shares, closed up 2.17 percent, or 77.69 points to 3,656.84 points on Thursday.
The Shenzhen Component Index added 2.61 percent to end at 13,317.53 points.
Aggregate turnover on the two bourses totaled 153.85 billion yuan (21.98 billion U.S. dollars).
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