China's stocks soars over 8% on June 8

The composite indexes of both Shanghai and Shenzhen stock exchanges jumped by more than 8 percent on Wednesday, spurred by encouraging news including one that denied a central bank plan for interest rate increase.

The Shanghai bourse closed at 1,115.58 points, up 8.21 percent, with total a turnover of 19 billion yuan (2.3 billion US dollars). The Shenzhen stock exchange closed at 2,936.57 points, up 8.38 percent, with a total turnover of 11.5 billion yuan.

Wednesday's total turnover in both Shanghai and Shenzhen stock exchanges was about three times that of the daily turnover for the last few months.

Source: Xinhua