Tue, 09 Mar 2021

BEIJING, Jan. 18 (Xinhua) -- Chinese stocks closed higher on Monday, with the benchmark Shanghai Composite Index up by 0.84 percent, at 3,596.22 points.

The Shenzhen Component Index closed 1.58 percent higher at 15,269.27 points.

The combined turnover of stocks covered by the two indices stood at 998.2 billion yuan (about 153.94 billion U.S. dollars), shrinking from 1.04 trillion yuan on the previous trading day.

Shares related to degradable plastics and chips rose across the board, with shares of Lecron Industrial Development Group Co., Ltd. surging by 20.15 percent to close at 3.22 yuan apiece.

Businesses related to airports and shipping were in losing territory.

The ChiNext Index, tracking China's NASDAQ-style board of growth enterprises, gained 1.92 percent to close at 3,149.2 points.

Beating expectations with a 6.5-percent growth in the fourth quarter, China's gross domestic product expanded by 2.3 percent year on year in 2020. It exceeded the 100-trillion-yuan threshold for the first time, according to data from the National Bureau of Statistics on Monday.

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