Chinese Stocks Advance as Beijing Renews Regulatory Support
- Onshore shares defy regional selloff driven by Mideast risks
- CSI 300 rebounds after seven straight sessions of losses
Investors have been seeking a second act in China’s market as the impact of a range of support measures released earlier ran their course.
Photographer: Qilai Shen/BloombergThis article is for subscribers only.
Chinese stocks gained Monday as renewed regulatory support from Beijing shielded the market from a broader selloff hitting Asia.
The CSI 300 Index jumped 2.1%, with a number of stocks including CRRC Corp. and Yunnan Energy New Material Co. rallying by the 10% limit. In contrast, an MSCI gauge of Asian shares slipped as Middle East tensions hurt risk sentiment.