For a second consecutive session Chinese stocks are rallying.
At the mid-session break the benchmark Shanghai Composite index has put on an additional 1.37%, taking its two-day rally close to 2%. It’s large by international standards but modest when it comes to the wild swings recently seen in Shanghai.
Despite five days of volatility, the index currently sits down just 0.06% for the week.
The positivity in Shanghai is extending to other Chinese indices, particularly those dominated by small-cap stocks.
The CSI 300 has added 1.56% while the CSI 500, comprising largely small-cap stocks, has jumped 2.86%. Elsewhere the Shenzhen Composite and tech-heavy ChiNext have surged by 2.64% and 2.97% respectively.