Shares in mainland China and Hong Kong surged as state media threw its weight behind a rally driven on hopes of a swift economic recovery from the coronavirus pandemic.
China’s CSI 300 index of Shanghai- and Shenzhen-listed shares jumped as much as 5.8 per cent on Monday, the biggest one-day rise since February 2019. The surge extended recent gains after closing at a five-year high on Friday.
Hong Kong’s Hang Seng index added 3.7 per cent to technically enter a bull market, usually defined as a 20 per cent rise.
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