Tag: #Shanghai index

Chinese stocks, yuan stage powerful rally amid upturn in economic expectations

GT staff reporters December 07, 2022

Chinese stocks, yuan stage powerful rally amid upturn in economic expectations

Chinese assets staged a powerful rally on Monday, with the flagship Shanghai Composite Index regaining the 3,200 level last seen in mid-September, and the yuan strengthening past the psychologically important level of 7 per US dollar. The strong comeback, buoyed by a supportive monetary policy and a flurry...More