Asia shares jump as China blue chips scale 5-year peak


Eyes were on Chinese blue chips which jumped 4.7%, on top of a 7% gain last week, to their loftiest level in five years. Even Japan's Nikkei, which has lagged with a soft domestic economy, managed a rise of 1.8%.

SYDNEY: Asian shares scaled four-month peaks on Monday as investors counted on a revival in Chinese activity to sustain global economic growth, even as surging coronavirus cases delayed re-openings across the United States.

MSCI's broadest index of Asia-Pacific shares outside Japan climbed 1.5% to its highest since February.

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