SHANGHAI:Chinese stocks climbed and bond yields fell on Monday as markets applauded a surprise interest rate cut that shareholders hope may indicate the start of a new cycle of aggressive policies that enhance the growth.
On the mainland, the CSI300 Index of the largest companies listed in Shanghai and Shenzhen opened up 1.2 percent at its highest level since June 2013, while the Shanghai Composite Index opened up 0.8 percent.
In Hong Kong, a rally in the property sector and Chinese-listed shares lifted the benchmark Hang Seng index higher, with the main bourse 1.81 percent up in opening trades.
Market interest rates fell, with the benchmark seven-day repurchase rate, considered the most reliable indicator of Chinese money conditions, falling to 3.18 percent, from a weighted average of 3.6553 percent at Friday’s close.
European stock markets slide at open 25 june 2018
London:Europe's main stock markets dropped 0.7 percent in opening deals on Monday, as investors worried over the festering global trade...
