China's benchmark stock index rises to over-decade high

This photo taken on Oct. 8, 2024 shows the Shenzhen Stock Exchange in Shenzhen, south China's Guangdong province. [Photo/Xinhua]

Chinese stocks closed higher on Tuesday, with the benchmark Shanghai Composite Index up 1.5% to 4,083.67 points, marking its highest level in over a decade.

The Shenzhen Component Index closed 1.4% higher at 14,022.55 points.

The combined turnover of these two indices totaled 2.83 trillion yuan (about $403.29 billion), up from 2.55 trillion yuan on the previous trading day.

Stocks related to brain-computer interfaces and the financial sector led the gains, while those related to beauty care and the 5th generation fixed networks saw declines.

The ChiNext Index, tracking China's Nasdaq-style board of growth enterprises, gained 0.75% to close at 3,319.29 points on Tuesday.

The STAR Composite Index, which reflects the performance of stocks on China's sci-tech innovation board, closed 1.45% higher at 1,720.41 points.