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Latest Business News

Shares in China Gain After Rocky Week

Friday, March 02, 2007 10:34:48 AM

A Chinese investor looks at the stock price billboard at a private security company Friday March 2, 2007 in Shanghai, China. Chinese shares rose Friday as investors snapped up bargain blue chips following losses earlier in the week. The benchmark Shanghai Composite Index gained 1.2 percent to 2,831.53. (AP Photo/Eugene Hoshiko)SHANGHAI, China (AP) - Chinese shares rose Friday as investors snapped up bargain blue chips following losses earlier in the week.

The benchmark Shanghai Composite Index gained 1.2 percent to 2,831.53. The Shenzhen Composite Index rose 1.5 percent to 730.55.

It has been a roller-coaster week for Chinese shares. On Tuesday, the Shanghai index tumbled nearly 9 percent — triggering a sell-off in global markets — before rebounding almost 4 percent Wednesday. The index fell nearly 3 percent on Thursday.


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