China shares rebound on better US jobs figures

Chinese shares rebounded Monday as better U.S. job figures eased worries about the global economy.

The benchmark Shanghai Composite Index jumped 40.86 points, or 1.5 percent, to close at 2,696.25. The Shenzhen Composite Index for China's smaller second exchange ended flat at 1,178.35.

Investors were heartened after a U.S. government report last week showed private employers added more jobs than expected in August, analysts said.

"Optimism about the world's economy and China's economy was rekindled, because it seems the United States is on a recovery track," said Zhang Fan, an analyst for Debon Securities in Shanghai.

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- Posted: 2010-09-06 20:26:02

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