(Source: Xinhua)

BEIJING, Oct. 17 – China’s main stock index on Tuesday closed on 6092.06 points, up 1.03 percent on the previous day, after reaching as high as 6,124.04 in the middle of trading. The benchmark Shanghai Composite Index broke the 6,000-point mark for the first time on Monday. Turnover, however, fell to 163.5 billion yuan from 195.3 billion yuan. The Shenzhen Component Index on the smaller market began its trading on 19,139.93 points and closed on 19,358.44 points, up 1.41 percent. The bourse’s turnover shrank to 67.1 billion yuan from 77.5 billion yuan on Monday. The new record was achieved largely due to strong performances by banking and coal mining shares. China Merchants rose by 2.3 percent to 42.08 yuan; Bank of China jumped 7.7 percent to 7.04 yuan and Bank of Nanjing rose 8.1percent to 21.54 yuan. China Construction Bank Corp rose 0.18 yuan to 10.13 yuan and Industrial and Commercial Bank of China was up 0.29 yuan to 8.15 yuan. Shanxi Xishan Coal and Electricity Power hit the 10 percent daily cap to end at 74.80 yuan while Yanzhou Coal Mining rose 5.2 percent to 26.95 yuan. (One U.S. dollar equals 7.51 yuan)