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Positive FDI data drive Chinese shares 2.7% higher

(Xinhua)
Updated: 2009-11-16 15:50

Chinese equities rose 2.74 percent Monday on the newly released growing monthly foreign direct investment (FDI) figures, showing investors' heartened confidence on the revival of the world's fastest-growing economy.

Related readings:  Chinese shares boosted by energy, clean-tech shares  Chinese shares rise slightly to end week  Chinese shares continue slight decline on Thursday

The benchmark Shanghai Composite Index, which covers both A and B shares, climbed 2.74 percent to 3,275.05 points. The Shenzhen Component Index added 3.28 percent to 13,699.68 points.

The amount of foreign direct investment China received climbed for the third consecutive month in October, up 5.7 percent year-on-year to $7.1 billion, the Ministry of Commerce said Monday in Beijing.