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China: Shares end 2014 near five-year high

[SHANGHAI] Chinese shares closed higher Wednesday on the last trading day of 2014, with Shanghai finishing at a near five-year high on hopes of monetary easing after weak manufacturing data, dealers said.

The benchmark Shanghai Composite Index jumped 2.18 per cent, or 68.86 points, to 3,234.68 on turnover of 432.3 billion yuan (US$70.6 billion).

The close was the highest since January 19, 2010, when the index ended at 3,246.87 points.

The Shanghai index surged 52.87 per cent for the year.

The Shenzhen Composite Index, which tracks stocks on China's second exchange, gained 1.19 per cent, or 16.62 points, to 1,415.19 on turnover of 208.1 billion yuan. It soared 33.80 per cent for the year.


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