SHANGHAI: Investors are piling into China’s markets, encouraged by progress on trade and signs that the world’s second-largest economy may be stabilising.
Improving confidence helped stoke a 0.5% rally in the yuan on Tuesday, pushing it to its strongest level since early August.
The currency punched past the key 6.95-per-dollar level, and traded on the strong side of its 200-day moving average for the first time since May.
The CSI 300 Index of stocks closed at an almost two-year high as volume jumped.
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