Chinese shares close higher Monday

Chinese stocks closed higher on Monday, with the benchmark Shanghai Composite Index up 1.18 percent to 3,996.94 points.

The Shenzhen Component Index closed 1.51 percent higher at 13,489.40 points.

The combined turnover of these two indices stood at 2.34 trillion yuan (about 330.13 billion U.S. dollars), up from 1.97 trillion yuan on the previous trading day.

Shares related to storage chips and controlled nuclear fusion led the gains, while those related to gaming and wind power equipment suffered major losses.

The ChiNext Index, tracking China's Nasdaq-style board of growth enterprises, gained 1.98 percent to close at 3,234.45 points on Monday.

Chinese shares close higher Monday

China on Thursday sent a remote sensing satellite of Algeria into space, using a Long March-2C carrier rocket.

The remote sensing satellite was lifted off at 12:01 (Beijing Time) from the Jiuquan Satellite Launch Center in northwest China, and entered the preset orbit successfully.

The satellite will mainly be used in land planning and disaster prevention and control.

This launch was the 626th flight of the Long March carrier rocket series.

China launches remote sensing satellite for Algeria