Tue, January 17, 2012
Business > Markets

Chinese shares rally 4.18 pct on GDP data

2012-01-17 07:25:11 GMT2012-01-17 15:25:11(Beijing Time)  Xinhua English

BEIJING, Jan. 17 (Xinhua) -- China's stocks surged 4.18 percent Tuesday, the most since Sept. 3, 2009, boosted by the stronger-than-expected GDP data.

The benchmark Shanghai Composite Index advanced 4.18 percent, or 92.18 points, to close at 2,298.38.

The Shenzhen Component Index climbed 4.95 percent, or 436.62 points, to finish at 9,264.09.

The growth of China's gross domestic product (GDP) slowed to 8.9 percent in the fourth quarter of 2011, the National Bureau of Statistic said Tuesday.

The GDP growth was the slowest in 10 quarters but faster than overall market forecast.

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