|
|
Article: China stocks rise on Wall Street gains
- Article from:
- AP Worldstream
- Article date:
- April 30, 2009
CopyrightCopyright 2009 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. (Hide copyright information)
|
Chinese shares rose Thursday after Wall Street's overnight gains fueled hopes a Chinese rally would last.
The benchmark Shanghai Composite Index climbed 9.38 points, or 0.4 percent, to close at 2477.57, ending April up 4.4 percent. The Shenzhen Composite Index for China's smaller second exchange rose 1.4 percent to 828.96.
"Wall Street has been a good guide to how Chinese shares will do. With the Dow up and down a lot, investors were worried the rally was over. But yesterday's (Dow) rebound above 8,000 was very encouraging," said Wen Lijun, an analyst for Nanjing Securities.
The Dow Jones industrial average ended up 2.1 percent at 8,185.73, its highest close ...