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Shares up 2.3% on expectation of more economic stimulus

(Xinhua)
Updated: 2008-10-20 15:59

Chinese stocks rose 2.25 percent on Monday, led by property developers, amid expectation the government would unveil more measures to stimulate economy.

The benchmark Shanghai Composite Index gained 43.36 points to close at 1,974.01 points. The Shenzhen Component Index climbed 216.78 points, or 3.49 percent, to 6,426.29.

Gainers outnumbered losers by 824-45 in Shanghai and 696-45 in Shenzhen.