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 SHANGHAI, China (AP) - Shanghai's stock index burst through the psychologically important 4,000 point mark on Wednesday as investors shrugged off official warnings of a possible market bubble amid soaring corporate profits.
The benchmark Shanghai Composite Index, which tracks both dollar and Chinese yuan denominated shares, climbed 1.6 percent to 4,013.09, an all-time high. The Shenzhen Composite Index rose 0.3 percent to 1,111.29, also a record close.
Chinese shares have surged this week despite the central bank governor's expression of anxiety Sunday that they might be headed for a bubble.
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