Chinese shares jump more than 3% on reported gov't stimulus plan

BEIJING. February 13. KAZINFORM Chinese shares staged a strong rebound Friday from slight losses over the previous two days' trading, on the reported government stimulus plan involving the telecommunications and electronics sectors.

The Shanghai Composite Index advanced 3.23 percent, or 72.7 points, to close at 2,320.79 points. It ended the second trading week after the national Lunar New Year holiday with an impressive rise in the benchmark index from 2,011.68 points on Feb. 2. The smaller Shenzhen Component Index gained 3.73 percent, or 309.95 points to close at 8,628.75; Kazinform cites Xinhua. Combined turnover expanded to 252.63 billion yuan (36.97 billion U.S. dollars) from 221.1 billion yuan on the previous day.