As actions and China They closed close to maximum of three and a half years on Monday (21), led by the rare land and construction sectors, while the Hong Kong market rose with the advancement of large internet companies after a government-wars rebuke.
In closing, the Shanghai index was up 0.72%, marking the highest closing level since January 2022, while the CSI300 index, which brings together the largest companies listed in Shanghai and Shenzhen, advanced 0.67%.
Leading the gains, the CSI Construction and Engineering Index rose 4.3%, reaching a peak in seven months, after China started the construction of a $ 170 billion hydroelectric dam in Tibet.
It also helped boost the market the rare land sector, with a 3.2% advance after Reuters news that Beijing discreetly issued its first rare land mining quotas to 2025.
Hong Kong’s Hang Seng Index rose 0.68%after breaking the level of 25,000 points for the first time since February 2022.
Meituan, Jd.com and Alibaba rose between 1.8% and 2.7% after Beijing summoned all three and asked them to cool a blunt price war.
