Shanghai stocks soar to extend stimulus rally amid Asia-wide drop …C0NTINUE READING HERE >>>
Mainland markets are roaring higher as traders return from a week-long break to extend their stimulus rally.
Photo: Ed Jones / AFP
Source: AFP
Mainland Chinese stocks roared ahead Tuesday as traders returned from a week-long break to resume a blistering rally fuelled by a raft of measures aimed at reigniting the world’s number two economy.
Equities in Shanghai and Shenzhen opened more than 10 percent higher, extending the massive gains chalked up before the Golden Week holiday amid hopes for more “bazooka” measures from Beijing.
However, big losses in Hong Kong led the rest of Asia…
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