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China stocks rise more than 3% on bank shares rebound

(Xinhua)
Updated: 2008-10-13 16:37

Chinese shares ended week-long plummet and rebounded on Monday, as regional markets mostly rallied on a boost of market confidence after policy makers around the world took more bold moves to stem the financial crisis.

The benchmark Shanghai Composite Index gained 3.65 percent to end at 2,073.57 points following a powerful rebound of bank shares in the afternoon. The Shenzhen Component Index closed at 6,571.59 points, up 2.92 percent.

Aggregate turnover edged up to 57.6 billion yuan ($8.5 billion) from previous day's 54.08 billion yuan.