Chinese shares rally on investor confidence

Chinese shares rallied on Monday as positive economic data released last Friday rekindled market confidence.

The benchmark Shanghai Composite Index climbed 2.39 percent, or 49.05 points, to end at 2,101.28, and the Shenzhen Component Index surged 2.59 percent, or 210.77 points, to finish at 8,356.73. China's new yuan loans and money supply for July came in higher than expected, Friday's data show.