Chinese shares rally Monday

Chinese stocks registered an across-the-board rally on Monday with trading in tech firms particularly robust, following a strong performance in the last week.

The benchmark Shanghai Composite Index gained 2.68 percent at 2,754.36 points, and the Shenzhen Component Index logged an even bigger increase of 3.95 percent to stand at 8,446.92 points.

Combined turnover on the two exchanges rose to 540.6 billion yuan (nearly 80 billion U.S. dollars).

More than 100 firms jumped by the 10-percent daily changing limit, with high-tech, brokerage and trust companies leading the market.

Touch screen producers became the biggest winner as smartphone makers started to equip their latest flagship products with new flexible screens, with the sub-index of the sector up by 6.55 percent. BOE Technology Group Co., Ltd., a leading screen producer, climbed 5.59 percent to 3.78 yuan per share.

Sectors including wearables and biofuel also posted significant rises.

The ChiNext Index, China's NASDAQ-style board of growth enterprises, gained 4.11 percent to close at 1,413.6 points Monday, the first time for the index to surpass the 1,400-point mark since November.

(ASIA PACIFIC DAILY)