Chinese stocks surge to a 2-year high after China's central bank announces $101 billion of fresh stimulus

Reuters

 

• China's Shanghai Composite rose to a 2-year high on Monday after the country's central announced $101 billion of fresh stimulus. 
• The index moved up 2.3% to 3438.80. The last time it reached that level was in January 2018. 
• Chinese stocks may have also been supported by a delay in a review of the Phase One trade deal between US and China, that was initially organized for Saturday.
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Chinese stocks climbed to a two-year high on Monday after the country's central bank announced $101 billion in new stimulus measures.

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