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Chinese shares rally to regain 4,000-point mark
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Chinese shares continued to rally on Monday, with the benchmark Shanghai index jumping more than 3 percent in the afternoon trading session to regain the 4,000-point psychological mark.
The smaller Shenzhen Component Index advanced about 4.8 percent. The ChiNext Index, tracking China's NASDAQ-style board of growth enterprises, jumped more than 5 percent.
More than 900 shares jumped by their 10-percent daily limit.
Chinese shares have continued to rally in the past three consecutive trading days, after free fall since their peak in mid-June.
On Friday, the benchmark Shanghai Composite Index leaped 4.54 percent to finish at 3,877.8 points. On Thursday, the Shanghai index soared 5.76 percent, the biggest daily rise in six years.
Before last Thursday, the Shanghai index had lost about 28 percent of its value since a spectacular bull run ended with a peak of 5,178.19 points on June 12.
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