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Chinese stocks surge 8.5% in best day since 2008

Investors bet that rally which began with Beijing’s stimulus package has further to run
The CSI 300 index has risen a cumulative 24% over five sessions since last Tuesday

Chinese equities posted their best day since the 2008 global financial crisis on Monday, extending a historic rally triggered by Beijing’s bumper stimulus package.

China’s blue-chip CSI 300 index of Shanghai- and Shenzhen-listed companies soared 8.5 per cent on Monday, as investors piled in ahead of a public holiday for the rest of the week for Golden Week celebrations.

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