** At market close, the Shanghai Composite index was up 1.5% at 3,883.56, the highest since August 2015. That brings its gain since the most recent low in April to over 25%
** The blue-chip CSI300 index added 2.1% to 4,469.22, surpassing the previous intraday peak made last October to reach the highest level since July 2022.
** In a sign of surging market enthusiasm, turnover on the Shanghai and Shenzhen exchanges soared past 3 trillion yuan, marking the second-highest level on record since October 8, when Beijing’s stimulus package ignited a market-wide rally.
** Leading gains on Monday, the property sector jumped 5% as Shanghai became the latest Chinese city to relax home-buying restrictions. Developer China Vanke surged by as much as the 10% daily limit.
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