Business as usual as Chinese shares take flight yet again

Chinese shares, after a well-publicised drubbing late last week, have resumed normal proceedings today – they’re surging higher.

At the lunchtime break the Shanghai Composite is up 128 points, or 2.77%, at 4,739 points.

Shanghai Composite daily chart

Elsewhere the Shenzhen 300 has put on 2.91% while the Shenzhen Composite is up by another mind-boggling yet not unusual 3.5%.

Year to date they have now put on 46%, 41% and 107% respectively.

Earlier in the session Chinese manufacturing PMI data for May was released with the figure meeting market expectations.

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at