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China stocks surge in biggest single-day rally since 2008 on stimulus cheer

China stocks surge in biggest single-day rally since 2008 on stimulus cheer

In this episode of Test Cast, I dive into the remarkable surge in Chinese stocks, marking their biggest single-day rally since 2008. On Monday, Chinese A-shares saw unprecedented turnover, driven by Beijing's aggressive stimulus measures. The CSI 300 blue-chip index soared nearly 30% from its February low, entering a bull market. The Shanghai Composite Index also recorded significant gains, with a turnover of 1.17 trillion yuan. The rally was fueled by the People's Bank of China's new tools to support the capital market, including a swap program to ease funding access. Tune in to understand the factors behind this explosive market movement and its implications.