Shanghai Index Up 1.2% to 10-Day High

Compiled by staff

(.com.cn) China State Construction Engineering Corp. (SSE: 601668) and China Merchants Property Development Co. (SZSE: 000024) led a surge by property and construction firms on Oct. 14 that helped push the Shanghai Composite Index up 1.17 percent to a 10-day high of 2,970.53 points.

Investors drew confidence from encouraging earnings reports, pushing turnover in Shanghai to 144.8 billion yuan, compared with the five-day average of 92.8 billion yuan. Gainers led losers three to one.