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Chinese equities gain 1.37%, led by car and steel makers

(Xinhua)
Updated: 2009-07-09 16:10

Related readings:  Mainland stocks headed for 'sizable correction'  Chinese equities down 0.28% on Wed  Chinese shares down 1.13% led by heavyweights

Chinese stocks gained 1.37 percent Thursday after two straight days' losses, boosted by car makers and steel makers.

The benchmark Shanghai Composite Index on the Shanghai bourse closed at 3,123.03 points, up 42.26 points. The Shenzhen Component Index closed at 12,637.94 points, up 149.36 points, or 1.20 percent.

Total turnover expanded to about 285 billion yuan ($41.71 billion) from 254.4 billion yuan on the previous trading day.