Rally spreads to Shanghai as confidence grows
By Bloomberg | China Daily | Updated: 2016-08-17 08:03
China's equities rebound is shifting up a gear, analysts said, although trading closed mixed on Tuesday with Shanghai's bourse down, Shenzhen's up and Hong Kong's bourse only slightly off.
A rally that started in Hong Kong-listed equities is spreading to the $6.3 trillion mainland market, where Shanghai's benchmark gauge on Monday posted its best two-day climb since March and the Shenzhen Composite Index is now at an almost three-week high.
Trading volume jumped on Monday amid broad gains that saw 90 stocks advance for each that fell.
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