Chinese Stock Euphoria Spreads as Turnover Tops $430 Billion

Chinese stocks jumped again on Monday, extending a liquidity-driven rally that’s now showing signs of euphoria in some corners of the market.

Coming off its best week since November, the benchmark CSI 300 Index climbed another 2.1%, with turnover on Shanghai and Shenzhen exchanges reaching a combined 3.1 trillion yuan ($433 billion) — the second highest on record. Technology shares continued to lead the charge, with stocks in the property sector also joining the broadening advance on evidence of more support measures.