Shares in Shanghai, Shenzhen soar on China property market support

Shares in Shanghai, Shenzhen soar on China property market support

Mainland Chinese markets in Shanghai and Shenzhen soared Monday on the back of a raft of measures to shore up the flagging property sector, including mortgage interest rate cuts.

The Shanghai Composite Index jumped 8.78 percent, while the Shenzhen Composite Index on China’s second exchange climbed 10.93 percent.

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