Chinese stocks surge in biggest one-day jump for over a year

Shares in mainland China and Hong Kong surged as state media threw their weight behind a rally driven by 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 4.3 per cent on Monday, the biggest one-day rise since February 2019. Hong Kong’s Hang Seng index added 3.5 per cent to technically enter a bull market, usually defined as a 20 per cent rise.

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