China stocks surges to near 8-month peaks

Headline shares of the Mainland China market advanced, buoying up the benchmark indices to near 8 month peaks on Thursday, 31 July 2014, amid optimism government stimulus will boost economic growth. The benchmark Shanghai Composite gained 20.32 points to close at 2201.56, the highest level since 12 December 2013, when it was closed at 2202.80. Turnover declined to 132.43 billion yuan from yesterday's 149.57 billion yuan. The Shanghai index surged 7.5% in July.

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