China state media stoke world-beating rally in nation’s shares,


Source: straitstimes.com

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BEIJING (BLOOMBERG) - Chinese stocks extended their recent rapid climb, aided by an enthusiastic chorus from the nation's influential state media. The CSI 300 Index jumped as much as 4.2 per cent on Monday morning (July 6), the most since February 2019. That's after it surged almost 7 per cent last week. Turnover on the gauge was more than three times the average for this time of day. Brokerages led the gains after China International Capital Corp hiked target prices for the industry, predicting the stock market will double in value in the next 5-10 years. A front-page editorial in...