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China's major stock indices rise more than 2 pct

BEIJING
2019-02-25 11:05

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Major stock indices in China surged by more than 2 percent in the first hour of Monday morning trading, following strong gains on the previous trading day.

The benchmark Shanghai Composite Index opened 1.22 percent higher at 2,838.39. At the end of the first quarter of Monday trading, the index rose more than 2.7 percent to a level not seen for more than six months.

The strength followed a 1.91-percent rise on Friday, and the benchmark index has surged more than 15 percent so far since the beginning of the year.

The Shenzhen Component Index opened 1.78 percent higher at 8,804.97, and rose more than 3.4 percent at the end of the first hour.

Meanwhile, the ChiNext Index, China's NASDAQ-style board of growth enterprises, was up 2.13 percent to open at 1,487.3 points, and surged over 3.7 percent at the end of the first hour.
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