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Chinese shares continue rising, driven by financial stocks

CHINA'S benchmark Shanghai stock index edged up today, driven by financial shares after Premier Wen Jiabao reiterated over the weekend that the country would continue a pro-active fiscal policy and moderately ease monetary policy.

The benchmark Shanghai Composite Index gained 15.81 points, or 0.55 percent, to close at 2,896.3. The Shenzhen Component Index, however, was down 51.58 points, or 0.46 percent to end at 11,190.71 points.

Total turnover was 220.66 billion yuan (US$32.31 billion), slightly shrinking from 232.58 billion yuan the previous trading day.

Losers outnumbered gainers by 556 to 293 in Shanghai and 471 to 256 in Shenzhen.


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