China Stocks Soar to Nine-Month High Amidst Bull Market Optimism

In a significant market development, China's stocks have surged to a nine-month high, marking the onset of a long-anticipated bull market. Investors appear undeterred by ongoing U.S. tariff threats, instead focusing on optimistic domestic conditions that promise growth.

The Shanghai Composite Index notably rose by 0.7% to reach 3,636 points, its highest since October. This rise aligns with the recent agreement for an extension of the U.S.-China tariff truce, following productive negotiations between the two nations.

Contributing to the market's buoyancy are favorable low interest rates and government measures to moderate competitive practices, enhancing corporate earnings predictions. Meanwhile, Hong Kong's Hang Seng Index saw a 1.4% decline as investors took profits after weeks of gains.

(With inputs from agencies.)