China’s stock market closed at its highest level since the global financial crisis, capping a world-beating rally fuelled in part by international investors seeking shelter from the coronavirus pandemic.
The CSI 300 index of big Shanghai and Shenzhen-listed stocks closed 1.9 per cent higher on Tuesday at 5,368 points.
The widespread perception among the country’s retail investors that stocks are cheap, together with expectations of support from Beijing, is helping to drive onshore buying, said Ronald Wan, chief executive at Partners Capital.
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