Chinese shares rally Monday

BEIJING – Chinese stocks closed higher on Monday, with the benchmark Shanghai Composite Index up 0.61 percent, at 3,582.08 points.

The Shenzhen Component Index closed 1.41 percent higher at 14,960.66 points.

The combined turnover of stocks covered by the two indices surpassed 1.2 trillion yuan (187.6 billion U.S. dollars), up from 1.11 trillion yuan on the previous trading day.

Gainers outnumbered losers on the two bourses, with stocks in the telecommunications services, semi-conductor, and auto sectors leading the gains.

Shares of real estate developers as well as beer and wine producers saw weak performances.

The ChiNext Index, tracking China's NASDAQ-style board of growth enterprises, gained 2.54 percent to close at 3,505.73 points.