BEIJING — The recent rally in China”s stock markets, fueled by a series of stimulus measures, has significantly ignited investors’ enthusiasm and bolstered market confidence in the country’s economic recovery.
The benchmark Shanghai Composite Index surged 8.03 percent to close at 3,335.44 points on Monday, while the Shenzhen Component Index soared 10.68 percent to reach 10,530.85 points at the close.
The ChiNext Index, tracking China’s Nasdaq-style board of growth enterprises, skyrocketed 15.52 percent to close at 2,178.04 points.
Monday is the last trading day before the week-long National Day holiday. The Chinese stock markets will be closed Tuesday through Oct 7.
“Due to a rapid introduction of stimulus policies, with some clearly exceeding market expectations, the stock market has begun to show a noticeable upturn, attracting a broad base of investors,” said Lou Feipeng, a researcher at China Postal Savings…
