China Stocks Set to Enter Bull Market on Return From Holidays

(Bloomberg) — China’s benchmark equity gauge was set to enter a bull market as trading resumed after a week-long Lunar New Year break, with a rebound in consumption reinforcing optimism that the economic outlook is improving. 

The CSI 300 Index jumped as much as 2.1% early Monday, taking its gains from an October low to over 20%. Spending patterns showed travelers swarmed China’s scenic destinations during the holiday, box office sales rose and bookings of hotels, guest houses and tourist spots exceeded the comparable period in 2019.