HONG KONG: China stocks jumped to their highest level since 2015 on Monday, extending a months-long rally fuelled in part by receding trade tensions with the U.S. and lifting market capitalization to an all-time peak.
A trade truce between China and the U.S., which was extended by 90 days last week, has helped to underpin sentiment, while brokers also cite a liquidity-driven uptick in stock prices due to a rotation of funds into equities from bonds.
The Shanghai Composite Index climbed 1.2% to 3,740.50 by the midday trading break, marking the highest intraday level since August 18, 2015. The CSI 300 Index climbed 1.5%, heading towards the biggest gain in over four months and earlier hit the highest level since October 2024.
The Shanghai benchmark has now risen nearly 23% since its early April low, also buoyed by enthusiasm for tech stocks and the global…
