SHANGHAI: Chinese shares ended higher on Tuesday, led by gains in technology stocks, as upbeat US and China data renewed global economic recovery hopes.
At the close, the Shanghai Composite index was up 0.78% at 2,984.67, while the blue-chip CSI300 index was up 1.32%.
Leading the gains, Shenzhen's tech-heavy start-up board ChiNext jumped 2.8% to over four-year highs, amid heightened Sino-US tensions.
Investors cheered overnight Wall Street gains on strong US housing data, as well as China's announcement of a cross-border wealth management scheme linking Hong Kong, Macau, and their neighbouring cities on the mainland.
The sentiment was also boosted by data showing China's manufacturing sector grew more than expected in June. The official manufacturing Purchasing Manager's Index (PMI) came in at 50.9 in June, compared with May's 50.6.
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