China stocks extend stimulus-fueled surge heading into holiday

Bulls drive benchmark CSI 300 to its best day since 2008

20240930 China stocks

A stock board in Shanghai's financial district in March 2023. The Chinese markets are riding high after authorities rolled out fresh stimulus measures. © Reuters

ECHO WONG and GRACE LI, Nikkei staff writers

HONG KONG -- China's stock market extended its breakneck rally on Monday, as Beijing's stimulus measures continued to buoy sentiment and investors rushed to buy in before a weeklong holiday.

The CSI 300 index, a benchmark for blue chip stocks listed on mainland exchanges, jumped 8.48% on the day, the biggest daily gain since April 2008. This followed a rise of 15.7% in the index last week, which was its best weekly performance since 2008.

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