China's domestic investors had a good day. Monday’s total trading volume of mainland-traded stocks — known as A-shares — on the Shanghai and Shenzhen stock exchanges together exceeded one trillion yuan ($149.6 billion).
The two exchanges reported volumes of 465.9 billion yuan and 574.5 billion yuan, respectively. China hasn’t seen a day of this much trading since Nov. 27, 2015.
On Monday, the Shanghai index gained 5.60%, while the Shenzhen index closed up 5.59%. Securities and insurance stocks led the gains. Insurance giant Pingan Group, investment banking leader CITIC Securities, and display and screen manufacturer BOE — which reportedly is supplying Huawei’s new foldable handset — each saw trading volumes higher than 10 billion yuan today.