Shanghai Composite: surges on hopes of market support – BBC News

One of China’s leading stock indexes has seen its highest daily spike in more than two years following signs that the government will step in to support battered equity markets.

The Shanghai Composite closed up 4.1%, its biggest one-day rise since March 2016.

The moves extend a rally that began on Friday and after investor confidence surged on assurances from Beijing.

Stocks had been falling as China’s economic growth continued to stutter.

Source: Shanghai Composite: surges on hopes of market support – BBC News

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