Chinese shares surge during afternoon

GMT 23:13 2015 Friday ,17 July

Arab Today, arab today Chinese shares surge during afternoon

Chinese shares
Beijing - XINHUA

Chinese shares surged during afternoon trading session after opening slightly higher on Friday amid rising market confidence.

The benchmark Shanghai Composite Index rose more than 4 percent to nearly 3,900 points. The smaller Shenzhen Component Index and ChiNext Index jumped by around 6 percent.

Companies in military industries led the rise following stellar performance on the previous trading day.

Analysts attribute the rise to recovering market confidence due to government's supportive measures.

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