Chinese shares gain on overseas markets' rise
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Chinese stocks closed higher for a second day Thursday with the benchmark Shanghai Composite Index rising 1.49 percent, or 40.34 points, to 2,749.15 points.
The Shenzhen Component Index climbed 1.69 percent, or 195.66 points, to11,795.33 points.
Combined turnover expanded to 184.02 billion yuan (27.97 billion U.S. dollars) from 115.5 billion yuan the previous trading day.
Gainers outnumbered losers 749 to 128 in Shanghai and 1,033 to 127 in Shenzhen.
China launched a new measures to cool the property market Wednesday night. The new measures targets those buying second or third homes.
China Vanke Co., the nation's biggest listed property developer, lost 2.47 percent to finish at 8.30 yuan per share.
Poly Real Estate Group Co., China's second-largest developer by market value, dropped 4.34 percent to 13.24 yuan per share.
Although the new measures dented property developer shares, most other stocks gained on the rises in overnight markets, Guangfa Securities analyst Wan Bing said.
PetroChina Co., China's largest oil producer, gained 1.25 percent to 11.36 yuan per share.
Sinopec, China's largest oil refiner, rose 1.38 percent to 8.82 yuan per share.
China Shenhua Energy Co., China's largest coal producer, climbed 1.43 percent to 23.44 yuan per share.
