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Chinese stocks rebound more than 1.2% Friday
Date:2010/8/16      View:886
 
Chinese shares recovered more than 1percent Friday as bargain hunting investors turned aggressive on speculation that the government will not introduce more tightening measures amid economic slowdown.

he benchmark Shanghai Composite Index, which tracks the bigger stock exchange in China, extended its early gains and regained the key 2,600 mark to close at 2,606.7 points, up 31.22 points, or 1.21 percent.

The Shenzhen Component Index rebounded sharply by 206.55 points, or 1.93 percent, to close at 10,886.57 points.

Combined turnover shrank to 175.55 billion yuan ($25.8 billion) from Thursday's 191.91 billion yuan.
 
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