BEIJING: China’s biggest stock rally in months signals investors are counting on Beijing to loosen the purse strings after data showed a collapse in economic activity.
Old-economy stocks led the charge on Monday, helping the CSI 300 Index rise as much as 3.5% for its biggest gain since June last year. A gauge of industrial shares rose as much as 5.4%, the best day since September 2015. In a rare development, the Shanghai Composite Index outperformed the leverage-loving ChiNext index of smaller stocks.
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