Chinese Stocks Surge as Individual Investors Pile Into Market

Chinese shares jumped, with the flagship Shanghai Composite Index hitting its highest since early 2018, as small investors bet that a recovering economy and easier financial conditions would fuel a boom in corporate profits. The index gained 5.7% to 3332.9, its biggest one-day gain since 2015. Brokerages, banks, miners, aviation companies and developers led the rally. Citic Securities, a leading brokerage firm, rose 10%—the maximum daily move allowed in China. Industrial and Commercial Bank of China, the country’s biggest…

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