China Stocks Recover Part of Last Week’s Rout
Chinese shares recovered somewhat on Monday after suffering from their worst five-day trading period since January 2016, stabilizing from last week’s sell-offs triggered by global market turmoil.
The Shanghai Composite Index, the benchmark index, rose 0.78% to 3,154.13 points by the close of trading Monday, after initially falling 0.45% during the morning session. The Shenzhen Component Index rebounded by 2.91%, while the Nasdaq-style startup board ChiNext gained by a bigger 3.49%.
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