Chinese stocks surge as the government’s ‘plunge protection team’ goes all-in

China Chinese Woman Flag BabyREUTERS/Kim Kyung-Hoon

  • Chinese stocks have exploded higher upon the resumption of trade on Monday, adding to huge gains on Friday.
  • The surge in buying reflects the continued rollout of measures from Chinese policymakers to help support stocks and household spending.
  • The benchmark Shanghai Composite Index is currently on track to record its largest two-day percentage gain in over three years.

Chinese stocks are trading sharply higher on Monday, adding to mammoth gains achieved on Friday that were fueled by a wave of supportive measures rolled out by Chinese policymakers.

As seen in the scoreboard at the mid-session break on Monday, all of the major mainland stock indexes have surged by between 3.9% to 5.2% in early trade on Monday.

See the rest of the story at Business Insider

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Post Author: martin

Martin is an enthusiastic programmer, a webdeveloper and a young entrepreneur. He is intereted into computers for a long time. In the age of 10 he has programmed his first website and since then he has been working on web technologies until now. He is the Founder and Editor-in-Chief of BriefNews.eu and PCHealthBoost.info Online Magazines. His colleagues appreciate him as a passionate workhorse, a fan of new technologies, an eternal optimist and a dreamer, but especially the soul of the team for whom he can do anything in the world.

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