China's Shares Up On Economic Optimism

Industries gained across the board, led by banks and other financial stocks.

Bank of China Ltd. climbed 4.9 percent to 4.50 yuan, while Industrial & Commercial Bank of China Ltd., the country's biggest commercial lender, added 3.1 percent to 5.35 yuan. Ping An Insurance Co. of China rose 3.4 percent to 46.73 yuan.

Oil refiners rose on a decline in global crude prices, which will reduce costs and improve their profits. China Petroleum & Chemical Co., or Sinopec, Asia's biggest refiner by volume, rose 1.5 percent to 10.52 yuan while rival PetroChina Ltd. added 0.9 percent to 14.25 yuan.

Real estate, metals and consumer goods stocks also rose on expectations of stronger demand.

In currency markets, China's yuan strengthened to 6.8250, down from Friday's close of 6.8363.