Shanghai Composite Index Rose 0.65% on Monday

China’s benchmark Shanghai Composite Index (000001.SH) gained 0.65% on Monday, while the Shenzhen Component Index (399001.SZ) rose 1.19%.

Shanghai’s tech-heavy STAR 50 Index (000688.SH) gained 3.34% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) rose 1.98%.

Below is a rundown of the top China business and finance stories, plus other news for the day:

· Cover Story: After China’s Covid U-Turn, A ‘Tsunami’ of Infected Strip Bare Pharmacy Shelves