HONG KONG: Chinese stocks jumped in early trading on Monday, boosted by news the head of the country’s securities regulator who oversaw last year’s market rout has been removed.
Shanghai’s benchmark Shanghai Composite Index climbed 1.00 percent, or 28.58 points, to 2,888.60 after Chinese state media reported over the weekend Xiao Gang had been “dismissed”.
The Shenzhen Composite Index, which tracks stocks on China’s second exchange, gained 1.30 percent, or 23.98 points, to 1,874.49.
In Hong Kong, the Hang Seng Index rose 0.46 percent, or 88.74 points, to 19,374.24 in opening deals.
