After recent economic stimulus boosted investor optimism in the market, China equities surged to their biggest day in 16 years, and linked U.S. exchange-traded funds also surged.
The Shanghai Composite ended a nine-day winning streak for the index with a gain of 8.06%, its biggest day since September 2008. It saw a 17.39% rise at the end of September, marking its first monthly gain in five, and its highest monthly result since April 2015.
On April 26, 1996, the Shenzhen Composite Index saw its highest closing value of 10.9%. It had its greatest month since April 2007 in September, rising 24.8%. About 6% was earned by the China ADR index.
Online video provider Bilibili and human resources firm Kanzhun both saw 9% increases in their U.S. listed shares. Online broking Futu Holdings saw a 15% increase, while Tencent Music Entertainment saw a 2.9% gain.
Source (CNBC)
