Positive FDI data drive Chinese shares 2.7% higher

Chinese equities rose 2.74 percent Monday on the newly released growing monthly foreign direct investment (FDI) figures, showing investors' heartened confidence on the revival of the world's fastest-growing economy.

The benchmark Shanghai Composite Index, which covers both A and B shares, climbed 2.74 percent to 3,275.05 points. The Shenzhen Component Index added 3.28 percent to 13,699.68 points.

The amount of foreign direct investment China received climbed for the third consecutive month in October, up 5.7 percent year-on-year to $7.1 billion, the Ministry of Commerce said Monday in Beijing.

Source: BizChina