Markets

China's stocks rise Tuesday

(Xinhua)
Updated: 2010-06-22 16:14

Chinese shares continued the upward trend of the previous trading day to close higher Tuesday despite renewed concerns that Europe's debt crisis may slow the global economic recovery and hurt China's exports.

Related readings:  China's stocks rise Monday on RMB exchange rate flexibility announcement  Mainland, HK equities rally  Stronger yuan to pep up domestic air carriers  Currency move to boost stocks

The benchmark Shanghai Composite Index gained 0.1 percent to close at 2,588.7 points.

The Shenzhen Component Index rose 0.35 percent to end at 10,345.55.

Total turnover shrank to 128.8 billion yuan ($18.9 billion) from 150.77 billion yuan on the previous trading day.

Gainers outnumbered losers by 590 to 249 in Shanghai and 645 to 298 in Shenzhen.