Shares edge up to extend rally
China stocks extended their rally on Tuesday, bolstered by electronics shares and the communication sector.
The benchmark Shanghai Composite Index edged up 0.21 percent to 2,930.15 points. The smaller Shenzhen Component Index advanced 0.67 percent to 9,622.69 points, while the blue chip CSI300 index closed 0.14 percent higher at 3,853.61 points.
Total turnover on the two major bourses expanded to 564.41 billion yuan (US$78.6 billion) compared with 553.26 billion yuan in the previous session.
Electronic component shares rose the most, with stocks of nine companies listed on the A-share markets surging by the daily limit of 10 percent, including Shenzhen Kaifa Technology Co and Lingyi iTech (Guangdong) Co.
Communication companies were also among the biggest gainers, with seven firms seeing their stock skyrocketing by the maximum 10 percent.
The computer sector, building material firms, and stocks related to home-made chips all performed strongly.
On the newly launched SSE STAR Market, all 28 listed firms posted gains of more than 4 percent, among which Espressif Systems (Shanghai) Co soared to hit the 20 percent daily cap.