Chinese stocks surge 2.08% Monday GMT 07:54 2014 Monday, 12 May Last Updated: 05:17:37 GMT Beijing - XINHUA Chinese shares closed higher on Monday, with the benchmark Shanghai Composite Index up 2.08 percent, or 41.74 points, to finish at 2,052.87. The Shenzhen Component Index gained 2.17 percent, or 155.7 points, to close at 7,318.14.