Chinese stocks closed higher Wednesday, despite the news that China's A-shares would not be included into an influential global equities index.

    The benchmark Shanghai Composite Index ended the day up 1.58%, at 2,887.21 points. The smaller Shenzhen index closed 2.82% higher at 10,173.85 points, state new agency (Xinhua) reported.

    Combined turnover on the two bourses stood at 573.07 billion yuan (86.82 billion US dollars). The ChiNext Index, China's NASDAQ-style board of growth enterprises, gained 3.42% to close at 2,128.80 points.  Electricity generation equipment and textile machinery led the rises.