Stocks rally, yuan surges as investors bet on China revival

Stocks rally, yuan surges as investors bet on China revival

Global stock markets rallied and China’s yuan posted its biggest gain since December on Monday as investors bet the Chinese economy would boost global growth even as surging coronavirus cases delayed business re-openings across the United States.

The yuan led commodity currencies higher against the dollar as investors lapped up risky assets on growing expectations of a strong economic rebound in China, where an index of blue-chip Chinese shares soared to its highest in five years…

Source: YahooFinance

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