Chinese share prices opened 3.16 percent higher on Tuesday to 2,139.07 points following rises in overseas markets sparked by global efforts to stem the financial crisis.

The Shanghai Composite Index opened at 2,139.07 points, up 3.16 percent from the previous closing. The smaller Shenzhen Component Index opened at 6,772.38 points, up 3.06 percent.

Finance and mining sectors led the gains.

Share prices in other Asian markets also surged on Tuesday's opening.

Singapore shares were 5.04 percent higher in early trade on Tuesday. Philippine share prices opened 7.34 percent higher and Hong Kong share prices 5.1 percent higher. Share prices in the Republic of Korea opened 5.14 percent higher.

Chinese shares ended a weeklong decline and rebounded on Monday, as regional markets rallied after central banks around the world made bold moves to cope with the global financial crisis.

Following the announcements of European countries' cash infusion plans worth nearly 2 trillion U.S. dollars, the blue chip Dow Jones industrial average soared 936 points, or more than 11 percent, in its biggest one-day gain, on Monday.

(Xinhua News Agency October 14, 2008)