October 8, 2024

China's A-share market soared at the opening of trading on Tuesday, the first trading day after the week-long National Day holidays, and the rally was driven by recent stimulus policies. 

The Shanghai Composite Index opened up by  a breath-taking 10.13 percent, the Shenzhen Component Index rose by 12.67 percent, and the ChiNext Index surged 18.44 percent, with more than 1,000 stocks rising by over 19 percent.

Just 20 minutes after the market opened on Tuesday, trading volume on the Shanghai and Shenzhen bourses surpassed 1 trillion yuan ($141.755 billion), setting a new record for the fastest time to reach this amount. 

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