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| News Time: 2008-08-20 - 04:02:34 GMT - Business News |
| SHANGHAI (AFP) - Chinese share prices surged 5.89 percent by midday Wednesday amid speculation that the authorities will soon launch new measures to boost the ailing stock market, dealers said. |
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The benchmark Shanghai Composite Index, which covers A and B shares, was up 138.17 points, or 5.89 percent, at 2,482.64. It had fallen around 60 percent from its peak last October ahead of Wednesday's rally. The Shanghai A-share index added 144.91 points, or 5.89 percent, at 2,605.95 points, while the Shenzhen A-share index rose 42.01 points, or 6.02 percent, to 739.29.
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