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China Stocks’ Trillion-Dollar Rally Pushes Another Index Toward Bull Market

  • CSI 300, Shanghai Composite have risen over 20% since January
  • More gains possible given leverage level: Northeast Securities
Chinese Stocks Continue Wild Ways as Financials Lead Rebound
Photographer: Qilai Shen/Bloomberg
Updated on

A $1 trillion rally in Chinese stocks has pushed two more gauges into bull markets.

The CSI 300 Index surged 6 percent Monday and the Shanghai Composite Index climbed 5.6 percent, extending their gains from a Jan. 3 low to more than 20 percent, the level that typically denotes a bull market after a drop of the same size. The ChiNext Index of small caps and technology stocks, which entered a bull market Friday, rose a further 5.5 percent. Turnover on Chinese exchanges rose beyond 1 trillion yuan to the most since 2015.