Chinese stocks had their best day in a year as global markets ignore surging COVID cases and keep rising

• Chinese stocks recorded its highest intra-day rise with the CSI 300 Index surging 5.8%. 
• All major stock indices were green as investors pinned hopes on fiscal stimulus and an economic recovery. 
• Investors shrugged off rising COVID-19 cases. US, the world's largest economy recorded 40,000 new COVID-19 cases overnight on Sunday.
• One analyst said: "The most hated rally in history has proven many times to be resilient and should not be underestimated.
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Chinese shares faced its highest intra-day rise in 1 year on Monday as investors pinned hopes on a swift economic recovery. 

The CSI 300 Index of Shanghai and Shenzhen stocks surged as much as 5.7% by the close, while the benchmark Shanghai Composite was also up almost 6%. 

See the rest of the story at Business Insider

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