30 days ago • Posted by Jasper Lawler
China's CSI 300 index breaks out to 2-month high
A rally in consumer and financial shares helped propel China’s stock benchmark toward its highest level in more than two months, amid signs of rising investor risk appetite and easing inflation concerns.
The CSI 300 Index rose 2.3% by 1:09 pm local time, on track to close at the highest level since March 4. The benchmark, which has been trading sideways in recent weeks, also broke through its 100-day moving average for the first time since March.