Shanghai Composite Index climbed 1.9 per cent to 2780 on Monday. The index recovered the 20-day moving average and is about to test the 30-day moving average. Shenzhen Component Index and Chinext jumped near 2.9 per cent and 3 per cent respectively.
Trade volumes increased, with about 13.28 billion shares traded on the Shanghai exchange, compared to about 10.05 billion shares last Friday.
Chinese airlines led the gains, with Air China and China Eastern Airlines jumping 5 per cent, boosted by a stronger yuan which helps to reduce their costs and bring exchange gains . . .
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