Chinese shares close 0.23% higher on favorable economic data

Chinese shares on Wednesday regained some ground in the morning session after the release of favorable economic data, but went lower in the afternoon on sell-offs.

The benchmark Shanghai Composite Index closed the day 0.23 percent higher at 2150.76 points, compared to a 1.06 percent gain in the morning.

The Shenzhen Component Index gained 0.62 percent to 7065.47 points.

Gainers outnumbered losers by 583-248 in Shanghai and 447-244 in Shenzhen.

Source:Xinhua