(
Xinhua) 17:43, August 04, 2014
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Comments twitter facebook Sina Microblog reddit BEIJING, Aug. 4 -- Chinese shares hit fresh highs for 2014 on Monday following a string ofincreases in July, indicating the macroeconomic environment is warming up.
The benchmark Shanghai Composite Index surged 1.74 percent to finish at 2,223.33 pointsand the Shenzhen Component Index moved up 1.6 percent to close at 8,006.91 points.
The total turnovers on the Shanghai Stock Exchange and the Shenzhen Stock Exchangerose to 140.09 billion yuan (22.74 billion U.S. dollars) and 142.44 billion yuan in Mondaytrading.
The benchmark Shanghai Composite Index and the Shenzhen Component Index postedincreasing figures last month. The former rose 7.48 percent in July and the latter grew8.36 percent, marking the biggest monthly increases in two years.
Deng Ge, spokesman for the China Securities Regulatory Commission, attributed thewarmth in the equity market to a stabilizing economy, abundant liquidity and anticipationof reduced financing costs.
Although the prospects of China's stock market remain uncertain, Gao Shanwen, chiefeconomist with Essence Securities, said "the worst time may have gone."
(Editor:Huang Jin、Bianji)
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