News Snapshot:
China’s stocks were boosted by data showing that the country’s factory activity recorded the strongest month in three years, as world stocks are on track to lock in record highs. Mainland China’s CSI 300 index for stocks listed on Shanghai and Shenzhen rose 1% on Monday after mainland China’s manufacturing and service activities exceeded analysts’ expectations in November. This figure underscores the strength of the world’s second-largest economic recovery from the coronavirus. The official Manufacturing Purchasing Managers Index shows that production from factories in China has grown at the fastest rate since 2017, while service gauges have risen to their...
