Chinese Mainland Stocks Build On Yesterday's Gains

China's News China's Financial News China shares

China's News China's Financial News China shares

The CSI 300 Index surged 6 percent Monday and the Shanghai Composite Index climbed 5.6 percent, extending their gains from a January 3 low to more than 20 percent, the level that typically denotes a bull market after a drop of the same size.

A US$1 trillion rally in Chinese stocks has another equity gauge headed for a bull market.

China's stock market has been red hot since it resumed trading on February 11 after the week-long Chinese New Year holiday, with the cumulative rise of each of the indexes between 14.3 percent and 20.9 percent as of yesterday's close.

Samsung doubling current phone storage speed with eUFS 3.0, now in production
That chip can reach only up to 1,000Mbps of sequential read speed and up to 260Mbps of sequential write speeds. Theoretically the new storage facilitates the transfer of a 3.7GB movie file in a little over three seconds.

The benchmark index has rebounded 18.74 percent since the beginning of the year and surged more than 21 percent from this year's lowest point of 2,440.91 points seen in early January, which marked the entry into "a technical bullish cycle" by some analysts. The Shenzhen Component Index ended at 9,134.58 points, an increase of 5.59 percent. Huatai Securities Co. was among the brokerages to climb by the 10 percent daily limit in Shanghai, closing at its highest since June 2015.

Although both plans are designed for the members of the two associations, they have lifted market expectations for industry-wide stimulus in the future.

The ChiNext Index, together with the Shenzhen Component Index and the Shenzhen SME (small and medium-sized enterprises) Board Index, are major indices reflecting the performance of stocks listed on the Shenzhen Stock Exchange.

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