[HONG KONG] China and Hong Kong stocks jumped on Monday (Aug 25), led by the rare earth and property sectors, extending the recent bull run as abundant liquidity continued to fuel gains.
At market close, the Shanghai Composite index was up 1.5 per cent at 3,883.56, the highest since August 2015. That brings its gain since the most recent low in April to over 25 per cent
The blue-chip CSI300 index added 2.1 per cent 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 (S$538 billion), marking the second-highest level on record since Oct 8, when Beijing’s stimulus package ignited a market-wide rally.
Leading gains on Monday, the property sector jumped 5 per cent as Shanghai became the latest Chinese city to relax home-buying restrictions. Developer China Vanke…
