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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Beirut - NNA
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Paris - Al Maghrib Today
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