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– Chinese stocks continue to rise on Thursday to close more than 2% higher than the previous trading day, due to the strong RMB after the U.S. said China was not manipulating the Chinese currency.

The benchmark Shanghai Composite Index, which tracks both A shares and B shares on the Shanghai Stock Exchange, rose 101.75 points, or 2.06%, to 5,043.54 after fluctuating between 4,923.30 and 5,050.79.

The Shenzhen Component Index on the smaller Shenzhen Stock Exchange gained 238.4 points, or 1.45%, to close at 16,625.41 after hitting the intra-day high of 16,672.18 points.

The combined turnover on the two bourses went up slightly to RMB 128.65 billion from Wednesday's RMB 125.71 billion, as the investors' confidence was regained after the strong recovery on Wednesday.

China has raised the one-year deposit interest rate by 27 basis points to 4.14%, the sixth time this year, which may restore the investors' sentiment on the stock market and the gains on ...

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