China stocks demonstrate the biggest one-day gain

On Tuesday, Chinese stocks showed the greatest one-day revenue for two months, driven by growing optimism that they might be soon included in an influential global benchmark. 

In China, the Shanghai Composite Index increased 2.6%, the most impressive intraday move since March. As for the smaller Shenzhen Composite Index, it ascended 2.8%, while  the tech-focused ChiNext index acquired 3.2%.

In other Asian regions, Japanese Nikkei Stock Average gained 0.7%, Korean Kospi acquired 0.5% and the Hang Seng index soared 1.2%. Simultaneously, Australian  S&P/ASX 200 lost 0.2%.

Experts as well as investors were mostly expecting the global index provider, MSCI to add mainland-traded Chinese shares or A-shares soon, right in its Emerging Markets Index.  The funds managing up to $1.7 trillion normally track this benchmark worldwide.  Market participants are currently anticipating that MSCI’s inclusion of A-stocks right into the index is going to channel billions in passive asset-management money into the number two economy, thus raising share prices.      

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