BEIJING Rafinha Brazil Jersey , March 30 (Xinhua) -- China's stocks rallied on Wednesday, with the benchmark Shanghai Composite Index up 2.77 percent to close at 3,000.64 points, tracking gains on Wall Street after U.S. Federal Reserve chair Janet Yellen signaled a cautious approach to a future interest rate hike.
The smaller Shenzhen index surged 3.48 percent to end at 10,445.69 points. The ChiNext Index Philippe Coutinho Brazil Jersey , China's NASDAQ-style board of growth enterprises, rose 4.47 percent to close at 2,248.78 points.
Stocks increased across the board, with electronics, telecommunication equipment manufacturing and Internet finance leading the gains.
Shares of Guizhou Changzheng Tiancheng Holding Co. Ltd. Pele Brazil Jersey , an electronic product maker, surged by the daily limit of 10 percent to 12.42 yuan (1.90 U.S. dollars). Hithink RoyalFlush Information Network Co. Ltd. shares surged 8.2 percent to 79.19 yuan.
In other news, stock exchange filings showed late Tuesday that Wutongshu Investment Platform, which invests foreign exchange reserves, had been buying shares in two commercial banks. The news also helped boost market sentiment as investors believed the so-called "national team" was injecting cash into the market Paulinho Brazil Jersey , analysts said.
Total turnover on the two bourses expanded to 628.4 billion yuan Wednesday, from 537.5 billion yuan on the previous trading day.
Overnight, Yellen's dovish comments lifted U.S. stocks, with the Dow Jones Industrial Average and S&P 500 rising to their highest close of 2016. The NASDAQ Composite Index jumped 79.84 points, or 1.67 percent Oscar Brazil Jersey , to 4,846.62.
Speaking at the Economic Club of New York, Yellen said the Fed needed to "proceed cautiously in adjusting policy" given global risks.
"Based on Yellen's description of the Federal Open Market Committee's neutral rate forecast, coupled with the actual rate of recovery in the neutral rate to date, the Fed is likely to raise rates just once this year [not the two hikes they expect] and no more than twice next year Neymar Brazil Jersey ," said Chris Low, chief economist at FTN Financial.
Mayor of Los Angeles Eric Garcetti (L) communicates with International Olympic Committee (IOC) President Thomas Bach at Olympic Museum in Lausanne, Switzerland, July 10, 2017. Members of IOC will hold a session for presentations by the campaign teams for Los Angeles and Paris on July 11th and 12th. (Xinhua file photoXu Jinquan)
LOS ANGELES Miranda Brazil Jersey , July 31 (Xinhua) -- The Los Angeles Olympic and Paralympic bid committee announced Monday it's candidature to host Olympic and Paralympic Games 2028.
In a press release sent to Xinhua by the city mayor's office, Los Angeles, the second largest city of the United States declared its intention to host the Olympic Games 2028 and its agreement with the Host City Contract 2028, which is a preliminary deal with International Olympic Committee (IOC) paving the way for the city to be awarded the 2028 Games.
"The Los Angeles City Council and United States Olympic Committee Board of Directors will consider the agreement for approval in August. If approved, the IOC Marquinhos Brazil Jersey , LA and Paris may enter a tripartite agreement, clearing the way for IOC Membership to simultaneously confirm the Olympic Games 2024 to Paris and the Olympic Games 2028 to Los Angeles at the next IOC session in Lima, Peru on September 13, 2017." it said.