Chinese stock markets closed about 2 percent higher on Tuesday with major indice exceeding 1,500 points after drastic strong rises during the previous session.

After jumping by 3.95 percent on Monday, the Composite Stock Index on the Shanghai Stock Exchange, which comprises yuan-denominated A shares and foreign-currency B shares, closed at 1,531.16 points, up by 34 points, or 2.27 percent. Total turnover was 36.6 billion yuan (4.57 billion US dollars).

The major index of Shenzhen Stock Exchange, the Shenzhen Component Index, was up 2.9 percent to close at 4,132.15 points, with a total turnover of 22.2 billion yuan. It grew by 4.36 percent on Monday.

Analysts attributed the continuous strong growth to the influence of global stock markets, and China's improved capital market environment following a year-long overhaul of the country's capital market.

The share price of bellwether Yangtze Hydroelectric Co. fluctuated on Monday, closing down by 0.57 percent, while that of oil giant Sinopec was up by 0.61 percent.

The shares prices of Sinopec and Yangtze Hydroelectric Co. rose by 7.4 percent and 8.18 percent respectively.

Prices of 1,082 shares were up with those of 30 shares staying at previous levels while the prices of 92 shares were down.

Source: Xinhua