(Yicai Global) May 11 -- US stock markets and oil closed sharply higher on May 8, bolstering investment sentiment and Chinese bourses opened on a higher note in consequence.

The Shanghai Composite Index set out 0.22 percent up at 2,901.57, while the Shenzhen Component Index rose 0.47 percent to 11,053.82. The ChiNext Price Index, which that tracks growth enterprises listed in Shenzhen, swelled 0.6 percent to 2,137.98.

The Dow Jones Industrial Average closed up 1.91 percent on May 8, while the Nasdaq Composite Index rose 1.58 percent, and the S&P 500 index grew 1.69 percent.

West Texas Intermediate crude oil futures contract for delivery in June surged over 5 percent.

Editor: Ben Armour