China market surges 4.9% on SOE reforms hope

Mainland China's stock rallied sharply on sector restructuring hopes on Monday, 10 August 2015, sending the benchmark Shanghai Composite Index 4.9%, or 184.21 points, higher to end at 3,928.42 points, while the Shenzhen Composite Index, which tracks stocks on China's second exchange, gained 4.5%, or 97.69 points, to 2274.84 points. Total volume of A shares traded in Shanghai was 49.73 billion shares, while Shenzhen volume was 32.30 billion shares. All 10 SSE sectors climbed up, with shares of telecommunication, industrial, material, energy, technology, and consumer discretionary sectors being top gainer.

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