China stocks rise on economic data
China Daily | Updated: 2018-05-08 07:51
Tech shares up as regulators clear way for offshore-listed firms' domestic IPOs
SHANGHAI - China stocks rebounded sharply on Monday amid optimism about robust April economic data despite lingering Sino-US trade dispute. Investors were especially enthusiastic about tech shares after regulators detailed rules paving the way for domestic flotation of overseas-listed technology giants.
The blue-chip CSI 300 Index rose 1.6 percent to 3,834.19 points, and the Shanghai Composite Index gained 1.5 percent to 3,136.64 points.
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