China's main equity indexes surge
China’s main equity indexes were all up by over 1 percent on Monday, led by gains in consumer and tech shares.
At the close of market hours, the benchmark Shanghai Composite Index climbed 1.45 percent to end at 2,814.99 points, returning to the key 2,800 mark.
The Shenzhen Component Index finished higher by 2.08 percent at 8,978.52 points. The blue chip CSI300 index advanced 1.8 percent to 3,699.10 points.
Turnover on the two major bourses totaled 362.73 billion yuan (US$51.27 billion), shrinking a bit from 367.1 billion yuan in the previous trading session.
Most sectors posted gains, led by consumer and tech shares. Liquor shares had strong performance, with Anhui Golden Seed Winery Co Ltd hitting the daily cap. The bellwether Moutai also jumped 5.88 percent to 1,020.10 yuan.
Chip shares also performed strongly. Jiangsu Maxscend Microelectronics Co Ltd and Gungli Tech Co Ltd all hit the daily cap.
Shares of Chipscreen Bioscience Co Ltd were listed on the STAR Market on Monday, and rose 366.52 percent to end at 95.31 yuan. Turnover surpassed 3.2 billion yuan.