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 . . .
Sign In or Subscribe To Get Full Access.
Don't let random information shape your understanding of China market. You need a timeline dedicated to the huge market.
To subscribe, buy us a cup of coffee every week!
Don't worry! Cancel before the free trial ends and you won't be charged.
How do we work?
From 8 am to 10 pm every trading day, we closely monitor news and views that have potential to move the markets in mainland China and Hong Kong and have the value to help you understand the economy and the markets. We post the real-time information on the member-only Wire Service, with details and data you don't see elsewhere!
During the weekend, we summarize the most important stories in a newsletter sent directly to your inbox so that you can get a big picture of what happened in China markets in the week.