China’s stock market plays catch-up after data shows biggest travel surge since COVID
China’s stock market returned from the week-long Lunar New Year break in chipper mood, playing catch-up with a rally in Hong Kong, and with sentiment boosted by some better economic news. The Shanghai Composite index CN:SHCOMPjumped 1.6% on Monday after data showed that more than 61 million rail journeys were taken by citizens during the six days of the national holiday, a 61% bounce on the year before and the most in the past five years, according to Bloomberg.Domestic tourism spending su
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