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Markets

China markets rise on Lunar New Year spending blitz

Strong holiday consumption figures fuel hopes for economic rebound

China reported a travel-and-spending blitz during the Lunar New Year holidays, boosting hopes for an economic rebound.   © Reuters

HONG KONG -- Key mainland China stock indexes rose in the first trading session after the Lunar New Year holiday, as a travel-and-spending blitz propelled hopes for a rebound in the world's No. 2 economy.

Shanghai's CSI 300 ended 0.47% higher Monday, easing off a more than 2% jump in the morning, while the SZSE Component Index, which measures 500 stocks traded on the Shenzhen bourse, finished 0.98% higher. The SSE Composite Index, which tracks Shanghai stocks, ticked up 0.14% by the close.

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