Mar 12, 2024 02:16 PM
FINANCE
Chinese Growth Stocks Jump on Boost from CATL, Energy Shares
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An electronic ticker displays stock figures in Shanghai’s Lujiazui financial district on Feb. 19. Photo: Bloomberg
(Bloomberg) — A gauge tracking Chinese growth stocks jumped, boosted by a rally in shares related to the battery and renewable energy sectors.
The tech-heavy ChiNext Index entered a technical bull market after a 4.6% gain on Monday took its advance from a February low to more than 20%. Contemporary Amperex Technology Co. Ltd. (CATL), Eve Energy Co. Ltd. and Sungrow Power Supply Co. Ltd. boosted the index’s move.
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