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Chinese shares close higher on first trading day of Chinese New Year


Chinese stocks closed higher on Monday, the first post-Chinese New Year trading day, with the benchmark Shanghai Composite Index up 1.56 percent to 2,910.54 points.

The Shenzhen Component Index closed 0.93 percent higher at 8,902.33 points.

The combined turnover of stocks covered by the two indices totaled 957.2 billion yuan ($134.76 billion). Over 4,200 shares ended higher, including 270 rising by the daily limit.

Stocks related to education and the new AI model "Sora" led the gains, while those related to securities and pork suffered major losses.

The ChiNext Index, tracking China's Nasdaq-style board of growth enterprises, gained 1.13 percent to close at 1,746.42 points on Monday.

(Cover via CFP)

Source(s): Xinhua News Agency
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