(Yicai Global) Aug. 27 -- China's stock market rose sharply in the morning until the lunch break bell on the glad tidings that the MSCI Index will raise the weighting of all mainland large caps and that total profits earned by China's biggest industrial enterprises improved, dual developments which cheered mainland markets lately down in the dumps over trade worries.

The Shanghai Composite Index closed at 2,911.62, up 1.68 percent. The Shenzhen Component Index surged 2.25 percent to 9,479.25, and the ChiNext Price Index, which tracks growth enterprises listed in Shenzhen, soared 2.25 percent to 1,636.87.

China's biggest industrial enterprises made CNY512.7 billion (USD71.6 billion) last month in an annual gain of 2.6 percent as against a 3.1 percent yearly dip in June, the country's National Bureau of Statistics said today.

MSCI will increase the inclusion factor of all mainland large caps in its indexes after today's close.

Editor: Ben Armour