China stocks ended higher on Monday, reversing all of their early plunge triggered by the coronavirus outbreak, as policymakers ramped up support for the economy and companies that have been hit by a slump in sales and activity.
At the close, the Shanghai Composite index was up 2.3% at 2,983.62, marking its largest daily percentage gain since last June. The blue-chip CSI300 index also rose 2.3%, its best daily performance in close to two weeks.
Both indexes fully recouped the steep losses they suffered on the first trading day following the Lunar New Year break. Around $700 billion in market capitalisation was wiped out.
Source : Reuters