China shares up for 4th day on revival hopes

Chinese shares rose for a fourth day Thursday on investor hopes of revival in some industries, led by coal and nonferrous metals stocks.

The benchmark Shanghai Composite Index jumped 42.03 points, or 1.9 percent, to close at 2,265.76. The Shenzhen Composite Index for China's smaller, second exchange rose 2.1 percent to 752.53.

The rise came after a government statement quoted Premier Wen Jiabao as saying at a Cabinet meeting that some industries and regions showed signs of improvement, though it gave no details.

Rising global commodities prices also helped to boost investor interest, analysts said.

Coal miners and non-ferrous metal extended the rally ahead of China's first international coal fair in April, which is being organized by five big Chinese electricity groups, speculating big orders from grid companies.

Anhui Hengyuan Coal Industry Co. and Datong Coal Mining Group both soared by the daily maximum of 10 percent -- Anhui Hengyuan to 21.12 yuan and Datong to 18.39 yuan. China Shenhua Energy Ltd., the country's biggest coal producer, gained 4.3 percent to 20.59 yuan.

Aluminum Corp. of China, or Chinalco, vaulted 4.5 percent to 10.49 yuan and Jiangxi Copper Ltd., China's second-largest metal producer, increased 3 percent to 20.3 yuan.

Gold miners shot up after a surge in gold prices, with Zijin Mining, the country's biggest gold producer, adding 4.8 percent to 9.03 yuan and Zhongjin Gold Corp. advancing 6.6 percent to 52.16 yuan.

In currency markets, China's yuan strengthened to 6.8295 to the U.S. dollar, up from Wednesday's close of 6.83503.

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